NTPC group capacity reaches 90,773 MW after Khavda-II solar COD

NTPC Limited announced that its subsidiary, NTPC Green Energy Limited (NGEL), has declared the commercial operation date (COD) for the eighth and final part of the Khavda-II Solar PV Project. The 105 MW capacity, located in Gujarat, became operational effective May 28, 2026. This development elevates the total installed capacity of the NTPC group to 90,773 MW, while the commercial capacity stands at 88,893 MW.

The project is owned by NTPC Renewable Energy Limited, a wholly owned subsidiary of NGEL, which is itself a subsidiary of NTPC Limited. With this latest addition, the commercial capacity of the NTPC Green Energy Limited Group rose to 10,516.40 MW and will increase to 10,621.40 MW.

Capacity Overview

The following table details the capacity figures reported by the company following the declaration of commercial operations:

Entity	Metric	Capacity (MW)
NTPC Group	Total Installed Capacity	90,773
NTPC Group	Total Commercial Capacity	88,893
NTPC Green Energy Limited Group	Current Commercial Capacity	10,516.40
NTPC Green Energy Limited Group	Revised Commercial Capacity	10,621.40

Project Details

The Khavda-II Solar PV Project has a total capacity of 1200 MW. The declaration of COD for the final 105 MW tranche marks the completion of this phase. The disclosure was made to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.17%	+2.25%	-0.92%	+22.09%	+15.91%	+258.37%

NTPC Limited was fined ₹5,31,000 each by BSE Limited and National Stock Exchange of India Limited for the quarter ended March 31, 2026, due to non-compliance with Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The fines, inclusive of GST, were imposed via notices dated May 27, 2026. The penalty highlights a governance gap concerning the composition of the company's board.

The non-compliance pertains to the requirement for Independent Directors. In its response to the exchanges dated May 27, 2026, NTPC Limited clarified that it is a Government Company. Under its Articles of Association, the authority to appoint or remove Directors rests with the President of India, administered through the Ministry of Power (MoP).

The company informed the exchanges that it is consistently pursuing the matter with the MoP to appoint the requisite number of Independent Directors. This step is intended to ensure compliance with Regulation 17(1) of the Listing Regulations. NTPC has requested that the fines imposed for this non-compliance not be levied, citing the government process involved in director appointments.

The matter regarding the imposition of fines and the non-compliance with Listing Regulations has been placed before the Board of Directors for information. The company's disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations.