NTPC Declares Commercial Operations for 13.98 MW Khavda-I Solar Project Phase

NTPC has declared commercial operations for the ninth part capacity of 13.98 MW from its 1,255 MW Khavda-I Solar PV Project located in Gujarat. The commercial operations commenced from 00:00 hrs of December 30, 2025, marking another significant milestone in the company's renewable energy expansion under the CPSU scheme Phase-II Tranche-III.

Project Details and Commercial Operations

The latest phase represents the ninth part capacity addition from the larger Khavda-I Solar PV Project. NTPC Renewable Energy Limited, a stepdown subsidiary of NTPC Limited through NTPC Green Energy Limited, operates this strategic solar project:

Parameter	Details
Capacity Declared	13.98 MW
Total Project Capacity	1,255 MW
Project Phase	Ninth Part Capacity
Location	Gujarat
Scheme	CPSU Phase-II Tranche-III
Commercial Operations Date	December 30, 2025

NTPC Group Capacity Update

With the addition of this latest capacity, NTPC Group has achieved a significant capacity milestone. The commercial operations declaration brings the total installed and commercial capacity to new heights:

Metric	Capacity
Total NTPC Group Capacity	85,637.00 MW
Latest Addition	13.98 MW
Project Type	Solar PV

NTPC Green Energy Limited Performance

The project addition also impacts NTPC Green Energy Limited's capacity portfolio. The subsidiary company has reported updated capacity figures following this commercial operations declaration:

Capacity Metric	Details
Current Commercial Capacity	7,996.30 MW
Total Installed Capacity	8,010.28 MW
Capacity Addition	13.98 MW

Strategic Renewable Energy Expansion

The Khavda-I Solar PV Project represents NTPC's commitment to expanding its renewable energy footprint across India. Located in Gujarat, this solar project operates under the Central Public Sector Undertaking (CPSU) scheme Phase-II Tranche-III, contributing to India's clean energy objectives.

The successful operationalization of the ninth part capacity demonstrates NTPC's systematic approach to bringing large-scale solar projects online in phases. This phased approach allows for efficient project management and steady capacity additions to the national grid, supporting India's renewable energy transition goals.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.05%	+4.26%	+3.02%	+0.42%	+0.88%	+238.50%

NTPC Limited has successfully completed its entire 23 MW Solapur Solar PV Project in Maharashtra, with the final 13 MW capacity declared commercially operational from December 25. This completion marks a significant milestone in the company's renewable energy expansion, bringing the state-owned power major's total installed capacity to 60,796 MW on a standalone basis and 85,623 MW on a group basis.

Project Completion Details

The latest commissioning represents the second and final phase of the Solapur Solar PV Project, completing the entire planned capacity. The project has been developed at NTPC Solapur in Maharashtra as part of the company's renewable energy portfolio expansion.

Parameter:	Details
Project Name:	Solapur Solar PV Project
Location:	NTPC Solapur, Maharashtra
Final Phase Capacity:	13 MW
Total Project Capacity:	23 MW (Now Fully Operational)
Commercial Operation Date:	December 25

Updated Total Capacity

With the completion of the Solapur project, NTPC's overall capacity profile reflects the company's continued growth in both conventional and renewable energy sectors.

Basis:	Total Installed and Commercial Capacity
Standalone:	60,796 MW
Group:	85,623 MW

Q2 Financial Performance

NTPC reported stable financial performance for the second quarter, demonstrating resilience in its operations. The company's profitability remained consistent with marginal growth in net profit.

Financial Metric:	Q2 Current	Q2 Previous Year	Change
Net Profit:	₹4,653.00 cr	₹4,648.00 cr	Marginal increase
Revenue:	₹39,166.00 cr	₹40,337.00 cr	Decline
EBITDA:	₹10,019.00 cr	₹9,685.90 cr	+3.40%
EBITDA Margin:	25.60%	24.00%	Expansion

Regulatory Compliance and Future Outlook

The announcement was made in compliance with SEBI regulations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This completion underscores NTPC's commitment to expanding its renewable energy portfolio and contributing to India's clean energy transition goals.