NTPC Green Energy Limited has achieved a significant milestone in renewable energy expansion by declaring commercial operation of additional solar capacity in Andhra Pradesh. The development marks another step forward in the company's green energy initiatives and contributes to India's renewable energy goals.

Commercial Operation Declaration

Based on a certificate received from Solar Energy Corporation of India Limited (SECI) dated 9th March 2026, the second part capacity of 91.6 MW out of a 250 MW Solar PV Project located in Andhra Pradesh has been declared commercially operational with effect from 27th February 2026. The project is operated by Ayana Kadapa Renewable Power Private Limited, a subsidiary of Ayana Renewable Power Pvt. Ltd., which is a wholly owned subsidiary of the joint venture ONGC NTPC Green Private Limited.

Project Development Progress

This declaration represents the second phase of the solar project's commissioning. The commercial operation of the first part capacity of 158.4 MW was previously announced through a disclosure dated 20th February 2026. The phased approach to bringing the project online demonstrates systematic capacity addition and operational efficiency in project execution.

Impact on Group Capacity

The addition of this 91.6 MW capacity has resulted in significant increases to both NTPC and NGEL group capacities. For the NTPC group, the total installed capacity now stands at 88,274 MW, while the commercial capacity has reached 87,194 MW. Meanwhile, the NTPC Green Energy Limited Group has seen its current commercial capacity reach 9,201.08 MW, with the total installed capacity increasing to 9,292.68 MW.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. NTPC Limited communicated this development to both BSE Limited and National Stock Exchange of India Limited on 10th March 2026, ensuring transparency and timely information dissemination to stakeholders and investors.

The successful commissioning of this solar capacity reinforces NTPC's commitment to expanding its renewable energy portfolio and supports the company's transition toward cleaner energy sources. The project's location in Andhra Pradesh also contributes to the state's renewable energy infrastructure development.

NTPC Limited has received penalty notices from both major Indian stock exchanges for regulatory non-compliance during the third quarter of fiscal year 2026. The state-owned power generation company disclosed the development through an official communication dated 28th February 2026.

Regulatory Fine Details

The company received notices dated 27th February 2026 from both the National Stock Exchange of India Limited (NSE) and BSE Limited regarding non-compliance with SEBI regulations. The exchanges have imposed identical fines for the violation.

Nature of Non-Compliance

The penalty relates to NTPC's failure to comply with Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended 31st December 2025. This regulation pertains to the composition of the board of directors, specifically the requirement to maintain adequate independent directors.

Company's Response and Defense

NTPC Limited has formally responded to both exchanges through a letter dated 28th February 2026, presenting its defense against the imposed penalties. The company's response highlights several key points:

• Government Company Status: NTPC emphasized its classification as a Government Company under Section 2(45) of the Companies Act, 2013
• Appointment Authority: The company clarified that according to its Articles of Association, the power to appoint or remove directors vests with the President of India
• Administrative Channel: All director appointments are processed through the Administrative Ministry, specifically the Ministry of Power (MoP)

Ongoing Compliance Efforts

The company has indicated that it is actively pursuing resolution of the compliance issue. NTPC stated that it is "consistently following up with MoP for appointment of requisite number of independent directors on the Board of NTPC Limited to comply with Regulation 17(1) of SEBI (LODR) Regulations, 2015."

Based on these circumstances, NTPC has contested that the fine should not be applicable, arguing that the non-compliance stems from the unique governance structure of government companies rather than any deliberate violation of regulatory requirements.