Shares of NTPC Green Energy Limited surged over 3% after its subsidiary, NTPC Renewable Energy Limited, signed a landmark Green Ammonia Purchase Agreement (GAPA) with Solar Energy Corporation of India Limited. The agreement, executed on 30 March 2026, marks a key development under India’s clean energy transition framework.
The deal has been signed as part of the SIGHT Scheme under the National Green Hydrogen Mission, reinforcing the government’s push towards sustainable and low-carbon energy solutions. As per the agreement, NTPC REL will supply 70,000 metric tonnes per annum (MTPA) of green ammonia to Krishna Phoschem Limited, which operates a facility in Meghnagar. SECI will function as the intermediary procurer, facilitating the supply arrangement.
This agreement represents a major milestone in NTPC Green Energy’s green hydrogen and ammonia journey. The project not only strengthens the company’s renewable energy portfolio but also highlights its strategic role in enabling industrial decarbonisation in India. Green ammonia, produced using renewable energy, is emerging as a key solution for reducing emissions in sectors such as fertilizers, shipping, and power.
The development aligns closely with India’s broader climate goals, where the National Green Hydrogen Mission aims to position the country as a global hub for the production, usage, and export of green hydrogen and its derivatives. With this agreement, NTPC Green Energy takes another step forward in contributing to a cleaner energy ecosystem while enhancing long-term value creation for stakeholders.