NTPC Green Energy Limited, a subsidiary of NTPC Limited, has scheduled its 4th Annual General Meeting (AGM) on Friday, August 28, 2026 at 11:00 AM (IST) through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The AGM notice, along with the Annual Report for FY 2025-26, has been dispatched electronically to shareholders as on the record date of July 24, 2026. The company also released its comprehensive Annual Report for FY 2025-26, marking its first full year as a listed entity, with strong operational and financial performance across both standalone and consolidated bases.

AGM Schedule and E-Voting Details

The following table outlines the key parameters of the 4th AGM:

The AGM will transact ordinary businesses including adoption of audited standalone and consolidated financial statements for FY 2025-26, re-appointment of Shri Jaikumar Srinivasan (Director Finance) who retires by rotation, and fixation of remuneration of statutory auditors for FY 2026-27. A special business item involves ratification of Cost Auditor remuneration of ₹1,50,000 for FY 2025-26. The AGM notice was signed by Company Secretary Deepak C S, dated August 4, 2026, from New Delhi.

FY 2025-26 Financial Performance

The company delivered robust financial results for FY 2025-26. The following tables present the key financial highlights on both standalone and consolidated bases:

Standalone Financial Results

Consolidated Financial Results

On a consolidated basis, total income grew 23.09% to ₹3,035.12 crore, driven by a 29.36% increase in revenue from operations to ₹2,858.42 crore. Profit after tax rose 9.96% to ₹521.35 crore. The company also raised ₹1,500 crore through listed non-convertible debentures on a private placement basis during the year.

Operational Highlights

FY 2025-26 was a landmark year operationally. The NGEL Group added 4,174 MW of renewable capacity, taking total operational capacity beyond 10 GW to 10,076 MW as on March 31, 2026, compared to 5,902 MW as on March 31, 2025. Renewable generation reached 14.60 billion units (BUs) on a consolidated basis, more than double the previous year's 6.90 billion units, reflecting year-on-year growth of 112%. Standalone gross generation stood at 5.62 billion units.

The company was accorded Schedule 'A' CPSE status by the Department of Public Enterprises in October 2025. As on March 31, 2026, NGEL had six subsidiaries and four joint ventures. The company is implementing its first standalone Battery Energy Storage System (BESS) project with a capacity of 80 MW/320 MWh in Kerala, and its wholly owned subsidiary NTPC Renewable Energy Limited secured a tender to supply 70,000 TPA green ammonia under the SIGHT Scheme.

Key Financial Ratios and Credit Ratings

The following table presents key consolidated financial ratios:

The company continues to hold the highest credit ratings. Non-convertible debentures and long-term loans are rated CRISIL AAA/Stable and IND AAA/Stable by CRISIL Ratings and India Ratings & Research respectively. Bank guarantees and cash credit are rated CRISIL A1+ and IND A1+.

Strategic Initiatives and Dividend

During FY 2025-26, NGEL signed multiple MoUs across data centres, green hydrogen, state governments, and international partners including ENEOS Corporation (Japan), CtrlS Datacenters, Nxtra Data Limited, Singareni Collieries Company Limited, and the Government of Uttar Pradesh. The company also incorporated two new subsidiaries — NTPC MAHAPREIT Green Energy Limited and Chhattisgarh NTPC Green Energy Limited. No dividend has been proposed for FY 2025-26, given the significant capital expenditure plans of subsidiaries and joint ventures requiring substantial equity infusion. The company's long-term aspiration remains achieving 60 GW of renewable capacity by 2032.

NTPC Green Energy has declared the commercial operation of a 50 MW solar capacity located in Rajasthan, effective from July 31, 2026. This expansion adds to the company's existing portfolio, increasing the group's total installed capacity from 10,786.56 MW to 10,836.56 MW. The new capacity is part of a broader strategic push to enhance renewable energy generation capabilities across India.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, filed with both the National Stock Exchange of India Limited and BSE Limited on July 29, 2026. The filing confirms that the 50 MW unit represents the third part of a cumulative 150 MW solar component.

Project Structure and Ownership

The solar facility is integrated into the 100 MW RE Round The Clock (RTC) project capacity situated in Rajasthan. This project is owned by Project Eleven Renewable Power Private Limited, which operates as a step-down subsidiary of ONGC NTPC Green Private Limited. ONGC NTPC Green Private Limited is a joint venture entity associated with NTPC Green Energy Limited.

The following table summarises the key details of the newly commissioned solar capacity:

Strategic Implications

The commissioning of this 50 MW segment marks a significant milestone in the execution of the larger 150 MW solar component. By integrating this capacity into its grid, NTPC Green Energy strengthens its position in the renewable energy sector, specifically in solar power generation. The increase in installed capacity supports the company's long-term growth trajectory and contributes to India's broader renewable energy targets.

What the Numbers Show

The addition of 50 MW represents a modest but steady increment to the group's substantial base of over 10,000 MW. With the total installed capacity now standing at 10,836.56 MW, the company demonstrates consistent execution in its capital expenditure plans. The structured rollout of the 150 MW solar component in phases suggests a disciplined approach to project management and grid integration, ensuring stable power supply as part of the Round The Clock renewable energy framework.