NTPC Green Energy Limited , a subsidiary of NTPC Limited, has announced a significant change in its corporate structure. The company has appointed Beetal Financial Computer Services Private Limited (Beetal) as its new Registrar and Share Transfer Agent (RTA), replacing KFin Technologies Limited.

Key Details of the Transition

Transition Process

The transition process will be carefully managed to ensure uninterrupted services to shareholders:

1. KFin Technologies will continue to provide RTA services until the electronic connectivity is shifted to Beetal.
2. NTPC Green Energy will await confirmations from both National Securities Depository Limited and Central Depository Services (India) Limited before finalizing the transition.
3. A tripartite agreement will be entered into between NTPC Green Energy Limited, KFin Technologies Limited, and Beetal.

Regulatory Compliance

This change has been disclosed in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has assured that it will intimate the Stock Exchanges about the effective date of the RTA change in due course.

Impact on Shareholders

Shareholders of NTPC Green Energy Limited should note that there will be no immediate change in how they interact with the company's share registry. The company has emphasized that the transition will be smooth, ensuring that shareholder services remain uninterrupted throughout the process.

This strategic move by NTPC Green Energy Limited underscores the company's commitment to maintaining efficient and effective shareholder services. As the energy sector continues to evolve, such corporate actions reflect the company's adaptability in its operational structure.

NTPC Green Energy 's subsidiary, Ayana Renewable Power Private Limited, has emerged victorious in a recent e-reverse auction conducted by REMC Limited. The company secured a 140 MW capacity for Round-the-Clock (RTC) renewable energy projects at a competitive tariff of ₹4.35/kWh.

Key Details of the Auction

Significance of the Project

This successful bid marks a significant step in India's renewable energy sector, particularly in the development of round-the-clock power supply from renewable sources. The project aligns with the country's goals to increase its renewable energy capacity and reduce dependence on fossil fuels.

Round-the-clock renewable energy projects are crucial for addressing the intermittency issues associated with solar and wind power. By securing this 140 MW capacity, Ayana Renewable Power is contributing to a more stable and reliable renewable energy grid.

About Ayana Renewable Power

Ayana Renewable Power Private Limited is a key player in India's renewable energy landscape. As a wholly owned subsidiary of ONGC NTPC Green Private Limited, it benefits from the expertise and resources of two major Indian energy companies - NTPC Green Energy Limited and ONGC Green Limited.

The joint venture structure of its parent company, with equal participation from NTPC and ONGC, combines the strengths of both organizations in the pursuit of green energy solutions. This win in the REMC Limited auction further solidifies Ayana's position in the renewable energy market and demonstrates its commitment to India's clean energy transition.

As the renewable energy sector in India continues to evolve, projects like this are expected to play a crucial role in shaping the country's energy future and contributing to its climate change mitigation efforts.