NTPC Green Energy shares rose 3% in early trading on Thursday following the company’s win of a 1,000 MW solar photovoltaic (PV) power project auction by Uttar Pradesh Power Corporation Limited (UPPCL). As of 9:18 AM, the shares were trading 2.29% higher at Rs 110.38.
The company signed a Power Purchase Agreement (PPA) at a competitive tariff of ₹2.56 per kWh on June 4, signaling strong growth prospects in the renewable energy sector.
NTPC Green Q4 Results
In its Q4 results, NTPC Green reported impressive growth with a net profit of ₹233 crore, nearly three times the ₹81 crore posted last year. Revenue also surged 22.5% to ₹622.3 crore compared to ₹508 crore in Q4 2024. These strong numbers reflect the company’s solid operational performance and growing demand for clean energy.
Looking ahead, NTPC Green reaffirmed its ambitious target to expand renewable capacity to 40 GW by FY 2032, increasing its total renewable portfolio to 60 GW. The company also plans to commission 14 GW of pumped hydro storage capacity over the next six to nine years, enhancing grid stability and supporting sustainable power supply.
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