NTPC Green Energy Arm Inks Deal with Gujarat Govt to Build 15 GW of Renewable Power

NTPC Green Energy Ltd (NGEL), a subsidiary of NTPC, said its wholly owned unit, NTPC Renewable Energy Ltd (NTPC REL), has signed a memorandum of understanding (MoU) with the Gujarat government. The MoU was exchanged on October 9, 2025, during the Vibrant Gujarat Regional Conference in Mehsana.

Project Details

Under the agreement, NTPC REL will develop solar parks and projects with a total capacity of 10 GW and wind projects of 5 GW. The combined renewable energy capacity in Gujarat will be 15 GW. The projects form part of NGEL’s plan to reach 60 GW of renewable energy capacity by FY32, including energy storage solutions.

Green Hydrogen Initiatives

NTPC Green Energy is also involved in green hydrogen projects. It signed an MoU with V.O. Chidambaranar Port Authority in Tamil Nadu to set up a green hydrogen fuelling station and hydrogen-powered trucks. Similar initiatives are ongoing at Surat, Leh, Greater Noida, Bhubaneshwar, Kandla Port, and a green hydrogen hub is being developed in Vishakhapatnam.

NTPC Green Energy Q1Fy26 Earnings Results

For the first quarter of FY26, NTPC Green Energy reported a net profit of ₹220 crore, up 59% from ₹138 crore a year earlier. Revenue increased to ₹680 crore from ₹578 crore, a 17.6% rise, driven by higher generation and new project commissioning. EBITDA stood at ₹603 crore, with margins at 88.6%.

NTPC Green Energy Share Price Performance

As of 10:57 AM on October 10, 2025,  NTPC Green Energy share price was trading at ₹99.19, a 1.04% increase from the previous closing price.

Read More: Samvardhana Motherson Share Price in Focus as Wholly Owned Subsidiary Deal Closes!

Conclusion

NGEL manages NTPC’s green energy projects through both organic and inorganic routes. The company participates in tenders and large renewable energy parks, including Ultra Mega Renewable Energy Power Parks (UMREPP), to expand its portfolio in solar, wind, and green hydrogen projects.

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