NTPC incorporates Mauritius subsidiary to develop solar projects

NTPC Limited has incorporated a wholly owned subsidiary, NTPC (Mauritius) Energy Limited, on June 26, 2026, to develop floating solar and battery storage projects in Mauritius. The new entity will undertake the development of a proposed Floating Solar Photovoltaic (FSPV) Project with Battery Energy Storage System (BESS) and other power sector businesses in the region. This strategic expansion aligns with the company's objective to grow its renewable energy footprint internationally.

The subsidiary has been established with a capital of MUR 1,000,000, which is approximately INR 19,80,000 based on an exchange rate of 1.98. NTPC holds 100% of the shareholding in the newly incorporated entity, subscribing to the shares in cash. The incorporation follows a previous disclosure made on December 23, 2025, and complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

NTPC (Mauritius) Energy Limited is classified under the power generation industry. As a newly incorporated entity, it does not have a turnover history. The company has secured or is in the process of securing necessary approvals from the Ministry of Power, DIPAM, and the Registrar of Companies in Mauritius to facilitate its operations.

Key Details of NTPC (Mauritius) Energy Limited

Particulars	Details
Name of Entity	NTPC (Mauritius) Energy Limited
Date of Incorporation	June 26, 2026
Country	Mauritius
Shareholding	100% held by NTPC Limited
Capital	MUR 1,000,000 (INR 19,80,000)
Industry	Power Generation
Primary Objective	Development of FSPV Project with BESS and other power projects

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.40%	-0.98%	-9.42%	+9.15%	+6.70%	+198.35%

NTPC Limited announced that its subsidiary, Patratu Vidyut Utpadan Nigam Limited (PVUNL), declared the commercial operation of Unit#2 with a capacity of 800 MW at Patratu Super Thermal Power Project (STPP) Phase-1. The unit commenced commercial operations effective 00:00 Hrs. on June 25, 2026. This development increases the total installed capacity of the NTPC group to 90,857 MW, while the commercial capacity stands at 89,777 MW.

The declaration was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The project is part of the 3x800 MW Phase-1 expansion at the power station, contributing significantly to the generation capabilities of the group.

Capacity Details

The operational status of the Patratu STPP Phase-1 contributes significantly to the overall generation capabilities of the NTPC group. The project is being developed by PVUNL, a key subsidiary in the group's portfolio. The following table summarises the key capacity metrics following this development: