NTPC Green Energy, a subsidiary of India's largest power generation company, has made significant strides in both renewable energy expansion and financial performance. The company recently signed a Memorandum of Understanding (MoU) with the Gujarat government and reported impressive quarterly results.

Renewable Energy Expansion

NTPC Renewable Energy Ltd, a subsidiary of NTPC Green Energy, has entered into an MoU with the Gujarat government to develop substantial renewable energy projects in the state. The agreement, signed during the Vibrant Gujarat Regional Conference at Mehsana, outlines plans for:

• 10 GW of solar parks
• 5 GW of wind projects

This total of 15 GW of renewable energy projects marks a significant commitment to green energy development in Gujarat.

Strong Financial Performance

NTPC Green Energy has reported robust financial results for the recent quarter:

The company attributes its strong performance to improved capacity utilisation and the commissioning of new projects. The stable EBITDA margin at 88.60% indicates consistent operational efficiency.

Market Response

Despite the positive news, NTPC's shares closed at ₹98.05 on the BSE, down 0.51%. This slight dip in share price suggests that the market may have already priced in these developments or is awaiting further details on the implementation of the renewable energy projects.

The combination of significant renewable energy commitments and strong financial performance positions NTPC Green Energy as a key player in India's transition to clean energy. The successful execution of these projects could have substantial implications for Gujarat's renewable energy landscape and NTPC's future growth trajectory.

NTPC Limited , India's largest power generation company, has completed the transfer of two coal blocks to its wholly owned subsidiary, NTPC Mining Limited, as part of its strategy to separate its coal mining business.

Transfer Details

The transfer, which became effective on October 1, 2025, includes the following coal blocks:

1. Chatti Bariatu Coal Mine, located in Hazaribag district, Jharkhand
2. Badam Coal Mine, also situated in Hazaribag district, Jharkhand

This move is in line with NTPC's plan to hive off its coal mining operations, as initially disclosed on August 28, 2025. The transfer was executed under an amended Business Transfer Agreement dated September 17, 2025.

Corporate Disclosure

In a filing to the stock exchanges on October 1, 2025, NTPC's Company Secretary and Compliance Officer, Ritu Arora, confirmed the transfer of these coal blocks to NTPC Mining Limited. The disclosure was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strategic Implications

The transfer of these coal blocks to NTPC Mining Limited is a significant step in NTPC's strategy to streamline its operations. By separating its coal mining business, NTPC aims to:

• Enhance operational efficiency
• Improve focus on core power generation activities
• Potentially unlock value for shareholders

About NTPC Limited

NTPC Limited, formerly known as National Thermal Power Corporation Limited, is India's largest power generation company. With a diverse portfolio of thermal, hydro, and renewable energy projects, NTPC plays a crucial role in meeting the country's growing energy demands.

This strategic move to transfer coal mining operations to a separate entity reflects NTPC's adaptability to changing market dynamics and regulatory environments in the Indian power sector.