NTPC Green Energy signed a PPA for a 1000 MW solar project with a ₹2.56/kWh tariff. The current operating solar capacity stands at 5,419 MW, complemented by 483 MW of operating wind capacity.
The share price of NTPC Green Energy Limited jumped by 3.78% to an intraday high on Thursday, as the company announced that its subsidiary has signed a PPA for the solar PV Power Project. As of 11:20 am IST, the stock was trading at ₹109.39, up by 1.39%. On a year-to-date basis, the stock has declined by 14.49%, while in the last 3 months, the stock has gained 14.95%.
NTPC Green Energy Limited (NGEL), a wholly-owned subsidiary of NTPC Limited, announced on June 4, 2025, that its subsidiary, NTPC Renewable Energy Limited(a wholly owned subsidiary of NTPC Green Energy Limited), has signed a Power Purchase Agreement (PPA) for a 1000 MW Solar PV Power Project. This PPA was signed following an auction conducted by Uttar Pradesh Power Corporation Limited (UPPCL), which NTPC Renewable Energy Limited won on January 4, 2025. The discovered tariff for this project is of ₹2.56 per kWh.
As of March 31, 2025, the company's energy portfolio comprises significant operational capacity alongside substantial future projects. The current operating solar capacity stands at 5,419 MW, complemented by 483 MW of operating wind capacity. Looking ahead, the company has 17,277 MW in contracted and awarded projects, with an additional 9,080 MW in pipeline projects, indicating strong growth.
In terms of scale, the company manages 28 operating solar projects and 4 operating wind projects. The future expansion is further highlighted by 46 contracted and awarded projects. The business is supported by a diverse base of 27 offtakers, demonstrating a broad market reach for its energy production.
For the quarter ended March 2025, the company reported a revenue from operations of ₹622.27 crore, marking a year-on-year growth of 22.46% compared to ₹508.14 crore in the same quarter last year. Profit after tax for the quarter stood at ₹233.21 crore, representing a significant 188.09% increase from ₹80.95 crore reported in March 2024.
On an annual basis, the company recorded a revenue of ₹2,209.64 crore in FY25, up 12.59% from ₹1,962.60 crore in FY24. The profit after tax for the full year increased by 38.28%, reaching ₹474.12 crore compared to ₹342.86 crore in the previous financial year.
NTPC Green Energy Limited is primarily engaged in the business of developing, owning, and operating a diversified portfolio of renewable energy power plants across India. As a subsidiary of NTPC Limited, India's largest power utility, NGEL plays a crucial role in the country's green energy transition by focusing on solar and wind energy projects. The company aims to achieve 60 GW of renewable capacity by 2032. Beyond solar and wind, NTPC Green Energy is also exploring partnerships for sustainable aviation fuel production.
Disclaimer: The article is for informational purposes only and not investment advice.
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