NTPC Renewable Energy Limited (NTPC REL) announced plans to develop a 250 MW Solar Power Project integrated with Battery Energy Storage System (BESS) on vacant defence land at Sitapur, Uttar Pradesh.
NTPC Green Energy Limited is a wholly owned subsidiary of NTPC Limited and focuses on renewable energy projects through both organic and inorganic growth opportunities.
The proposed project will combine 250 MW of solar power capacity with an integrated Battery Energy Storage System (BESS) to provide reliable and sustainable power for defence establishments in the state.
The project has received approval from Raksha Mantri Rajnath Singh and is the first large-scale solar power project with BESS on defence land aimed at strengthening the energy security of defence establishments. The electricity generated from the project will be supplied to various defence installations across Uttar Pradesh.
As of June 10, 2026, at 11:40 AM, NTPC Green Energy share price was trading at ₹99.95 on the BSE, down 0.30% from the previous close.
The company's current market capitalisation stood at ₹84,221.17 crore. Over the last 3 months, the stock has delivered a positive return of around 15%.
NTPC Green Energy reported a net profit of ₹8,747.3 crore in Q4 FY26, up 15% year-on-year from ₹7,611 crore.
Revenue from operations declined 13.5% to ₹43,110.7 crore from ₹49,833 crore in the corresponding quarter last year, below Street expectations of ₹48,390 crore.
EBITDA declined 15.2% year-on-year to ₹12,504 crore from ₹14,754 crore, while EBITDA margin stood at 29%, compared with 30% in the year-ago quarter.
NTPC Renewable Energy Limited's proposed 250 MW solar power project integrated with BESS on defence land in Uttar Pradesh adds to NTPC Green Energy's renewable energy portfolio. The project is expected to support the energy requirements of defence establishments while expanding the company's presence in the clean energy sector.
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Published on: Jun 10, 2026, 11:56 AM IST
Rakesh Deshmukh
Rakesh Deshmukh is a financial content specialist with around 3 years of experience writing impactful content across equities, mutual funds, IPOs, and personal finance. At Angel One, he decodes real-time market trends and breaking news, helping investors and traders stay updated. He also helps investors make informed decisions by simplifying market fundamentals and technical analysis. He holds a bachelor’s degree in commerce.
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