NTPC Green Secures 1000 MW Power Purchase Agreement at ₹2.56/kWh
NTPC Green Energy Limited, a subsidiary of NTPC Limited, has signed a Power Purchase Agreement (PPA) for 1000 MW of power capacity at a tariff of ₹2.56 per kilowatt-hour (kWh). This agreement marks a significant expansion of NTPC Green's renewable energy portfolio and reflects the competitive rates in India's renewable energy market. The deal is expected to boost India's renewable energy capacity and contribute to the country's clean energy transition goals.
04Jun 25
NTPC Green Energy Secures 1,000 MW Solar Project, Reports Tripled Q4 Profit
NTPC Green Energy won a 1,000 MW solar project from UPPCL at ₹2.56/kWh. The company partnered with Honeywell to explore Sustainable Aviation Fuel production. Q4 financial results show net profit tripled to ₹233.00 crore and revenue increased by 22.5% to ₹622.30 crore. NTPC aims for 60 GW renewable energy capacity by FY2032.
04Jun 25
NTPC Green Secures 1000 MW Power Purchase Agreement at ₹2.56 per KWh
NTPC Green, a subsidiary of India's largest power generation company, has finalized a Power Purchase Agreement (PPA) for 1000 megawatts of electricity at a rate of ₹2.56 per kilowatt-hour. This agreement marks a significant development in India's renewable energy sector, demonstrating the increasing cost-effectiveness of green energy solutions. The deal strengthens NTPC Green's position in the renewable energy market and aligns with its parent company's strategy to diversify its energy portfolio.
26May 25
NTPC Green Energy Shines with Robust Q4 Performance, Driving Target Price Upgrade
NTPC Green Energy's Q4 results show impressive growth with revenue up 22% YoY to Rs 6.20 billion, EBITDA increasing 28% YoY to Rs 5.60 billion, and an EBITDA margin of 90.00%. Generation rose 20% YoY to 6.80 Billion Units, with a plant load factor of 24.10%. The company added 0.90 GW of organic capacity during the fiscal year. ICICI Securities maintains an 'Add' rating and has raised its target price for the stock.
22May 25
NTPC Green Energy Secures Two Battery Storage Projects in Kerala
NTPC Green Energy Ltd., a subsidiary of NTPC, has won bids for two battery energy storage projects in Kerala with a combined capacity of 80 MW / 320 MWh. The projects are located at Pothencode and Sreekantapuram substations, with competitive tariffs of ₹4.57 lakh and ₹4.34 lakh per MW per month respectively. The company is awaiting the official Letter of Award from NHPC to proceed with implementation. These projects aim to enhance grid stability, integrate renewable energy, and support Kerala's growing energy demands.
22May 25
NTPC Green Energy Ltd. Reports Stellar Q4 Results, Stock Soars 11%
NTPC Green Energy Ltd. posted impressive Q4 financial results with revenue up 22.50% to ₹622.27 crore, EBITDA rising 28.40% to ₹560.27 crore, and net profit soaring 188.00% to ₹233.22 crore year-over-year. The company's stock price surged nearly 11% following the announcement, reflecting strong investor confidence in its growth trajectory in the renewable energy sector.
21May 25
NTPC Green Energy: Q4 Profit Triples on Higher Non-Core Income
NTPC Green Energy Ltd. posted impressive Q4 results with a 188% increase in consolidated profit to ₹233.22 crore, driven by higher other income. Revenue grew by 22.5% to ₹622.27 crore, and the EBITDA margin expanded to 90%. For the full fiscal year, profit rose by 39% to ₹475.50 crore.
10May 25
NTPC Green Energy Appoints Power Sector Veteran as New CEO
NTPC Green Energy announces Sarit Maheshwari as its new CEO, effective May 10, 2025. Maheshwari, with 35 years of power sector experience, will replace Rajiv Gupta. Previously Head of Project Korba at NTPC, Maheshwari's appointment signifies the company's commitment to experienced leadership in pursuing sustainable energy goals.
02May 25
NTPC Green Energy Achieves Full Capacity at 150 MW Gujarat Solar Project
NTPC Green Energy Limited (NGEL) has completed its 150 MW solar project in Gujarat. The final 60 MW capacity became operational on April 16, 2025, following earlier phases of 60 MW and 30 MW. The project, awarded under a GUVNL tender, received commercial operation certification from GEDA on April 30, 2025. This completion marks a significant expansion of NTPC's renewable energy portfolio.
01May 25
NTPC Green Energy's Renewable Portfolio Expands: 75 MW Power Plant Now Operational
NTPC Green Energy Limited has successfully commissioned and operationalized a 75 MW capacity of IRCON Renewable Power Plant. This capacity, known as Lot-4, is part of a larger 500 MW plant being developed by IRCON Renewable Power Limited, a joint venture involving NTPC Green Energy. The newly operational capacity became commercially active on May 2, 2025, bringing the total operational capacity of the project to 225 MW. This development marks significant progress in NTPC Green Energy's renewable energy initiatives and aligns with India's clean energy goals.
29Apr 25
NTPC Green Energy Secures Board Approval for ₹5,000 Crore Borrowing in FY 2025-26
NTPC Green Energy Limited's Board of Directors has approved borrowing up to ₹5,000 crore for the fiscal year 2025-26. The funds will be raised through the issuance of debentures, which can be secured or unsecured, redeemable, taxable or tax-free, and cumulative or non-cumulative. This move aims to support the company's expansion in India's renewable energy sector, potentially funding new projects, portfolio expansion, and strategic acquisitions.
28Apr 25
NTPC Green Energy Partners with Honeywell UOP for Sustainable Aviation Fuel Production
NTPC Green Energy, a subsidiary of NTPC Limited, has signed an MoU with Honeywell UOP to explore the production of sustainable aviation fuel (SAF). This collaboration aims to reduce the carbon footprint of India's aviation industry by developing environmentally friendly fuel options. The partnership could lead to reduced carbon emissions, enhanced energy security, technological advancements, and new economic opportunities in India's energy and aviation sectors.
25Apr 25
NTPC Green Energy Partners with Honeywell UOP for Sustainable Aviation Fuel Production
NTPC Green Energy Limited (NGEL) signed an MoU with Honeywell UOP India to explore sustainable aviation fuel (SAF) production. The project will use Honeywell's eFining technology, CO2 from NTPC's power plants, and green hydrogen. This initiative is part of NTPC's Green Hydrogen Hub in Andhra Pradesh, aiming to export 2.5 million tons of green chemicals annually and contribute to India's 500 GW non-fossil energy target by 2030. NTPC aims to achieve a 60 GW renewable energy portfolio by 2032.
24Apr 25
NTPC Green Energy to Consider ₹5,000 Crore Borrowing Plan for FY26
NTPC Green Energy Limited's board will meet on April 29, 2025, to discuss and potentially approve borrowing up to ₹5,000 crore for FY 2025-26. The funds may be raised through secured or unsecured, redeemable, taxable or tax-free, cumulative or non-cumulative bonds or non-convertible debentures, issued in one or more tranches. This follows NTPC Green Energy's recent joint venture with MAHAPREIT to develop renewable energy parks across India.
26Mar 25
NTPC Green Energy Achieves Full Capacity at 320 MW Bhainsara Solar Project
NTPC Green Energy Limited (NGEL) has announced the commercial operation of the final 100 MW capacity at its Bhainsara Solar PV Project in Jaisalmer, Rajasthan, completing the entire 320 MW project. The project was commissioned in three phases: 160 MW on August 28, 2024, 60 MW on January 7, 2025, and the final 100 MW on March 20, 2025. This achievement significantly expands NGEL's renewable energy portfolio and supports India's clean energy goals.
25Mar 25
NTPC Green Energy Achieves Full Commercial Operation of 320 MW Bhainsara Solar Project
NTPC Green Energy Limited (NGEL) has declared commercial operation of the final 100 MW capacity of its Bhainsara Solar PV Project in Jaisalmer, Rajasthan. This marks the completion of the entire 320 MW installation, which was commissioned in three phases: 160 MW on August 28, 2024, 60 MW on January 7, 2025, and the final 100 MW on March 20, 2025. The project, awarded under the SECI Raj-Tranche-III tender, received its operational certificate on March 25, 2025, from the Rajasthan Renewable Energy Corporation Limited.
13Mar 25
NTPC Green Energy's Shajapur Solar Project Achieves Full Commercial Operation
NTPC Green Energy Limited (NGEL) has fully commissioned its 105 MW Shajapur Solar Project in Madhya Pradesh. The final 50 MW phase became operational on March 13, 2025, following the first 55 MW phase which began commercial operations on November 29, 2024. This milestone marks the complete activation of the project developed by NTPC Renewable Energy Limited, a subsidiary of NGEL, at the Shajapur Solar Park.
12Mar 25
NTPC Green Energy's Shajapur Solar Project Achieves Full Commercial Operation
NTPC Green Energy Limited (NGEL) has fully operationalized its 105 MW Shajapur Solar Project in Madhya Pradesh. The second and final 50 MW phase was declared commercially operational on March 13, 2025, following the 55 MW first phase commissioned on November 29, 2024. This milestone marks a significant step in NGEL's renewable energy expansion and contributes to India's clean energy goals.
11Mar 25
NTPC Green Energy Ltd Forms Strategic Joint Venture with Chhattisgarh Power Company for 2 GW Renewable Energy Projects
NTPC Green Energy Limited (NGEL) signed a Joint Venture Agreement with Chhattisgarh State Power Generation Company Limited (CSPGCL) to develop up to 2 GW of renewable energy projects. NGEL will hold 74% stake in the new company, which aims to develop solar, wind, and hybrid projects. The JV will have an initial capital of ₹10 lakh and plans to supply power to various entities including state DISCOMs and C&I customers nationwide.
27Feb 25
NTPC Green Energy Shares Tumble 9.5% as Lock-in Period Expires
NTPC Green Energy's stock price dropped 9.5% to a 52-week low of Rs 95.50 following the expiration of a 3-month lock-in period on February 24. The end of the lock-in released approximately 183 million shares, representing 2% of total outstanding shares, into the market for free trading. This increase in tradable shares is believed to be the primary cause of the sharp decline in stock price.
25Feb 25
NTPC Green Energy Inks Landmark MoU with Madhya Pradesh Power Generating Co for Massive 20 GW Renewable Energy Projects
NTPC Green Energy Limited (NGEL) has signed an MoU with Madhya Pradesh Power Generating Company Limited (MPPGCL) to develop renewable energy projects with a capacity of up to 20 GW or more in Madhya Pradesh. The collaboration focuses on solar, wind, and hybrid systems, aiming to form a Joint Venture Company. The agreement was signed during the Global Investors Summit 2025 in Bhopal, addressing the state's Renewable Generation Obligation and Renewable Purchase Obligation.
24Feb 25
NTPC Green Energy Expands Renewable Projects and Faces Increased Trading as Lock-in Period Expires
NTPC Green Energy signed an MoU with Madhya Pradesh Power Generating Co to develop up to 20 GW of renewable energy projects. Simultaneously, the company faces a potential increase in trading activity as its three-month shareholder lock-in period ends on February 24, making 18.33 crore shares (2% of equity) eligible for trading. The stock has been trading below its IPO price of ₹108 since February 11, closing at ₹105.5 on Friday, down 33% from its post-listing high.
21Feb 25
NTPC Green Energy Forges Partnership with Bharat Light and Power for Sustainable Energy Solutions
NTPC Green Energy Limited (NGEL) signed an MoU with Bharat Light and Power Private Limited (BLP) on February 19, 2025, to explore opportunities in green hydrogen off-take and carbon sales. The partnership aims to supply green hydrogen and its derivatives to third parties, sell captured or biogenic carbon, and develop necessary infrastructure for green hydrogen projects. This collaboration aligns with India's carbon neutrality goals and sustainable energy development targets.