NTPC Green Energy | Business Upturn

NTPC Green Energy declares COD for 90 MW of Khavda-II Solar PV Project

Business Desk — Fri, 24 Apr 2026 12:15:52 +0000

NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has announced the commercial operation date (COD) for the seventh part capacity of 90 MW out of the 1200 MW Khavda-II Solar PV Project. The project is located in Gujarat and is part of NTPC Renewable Energy Limited, a stepdown subsidiary of NTPC Limited through NGEL, and the COD is effective from 25th April 2026.

This development marks a significant milestone in NTPC’s renewable energy expansion efforts. With the addition of this capacity, the total installed capacity of the NTPC group now stands at 89,705 MW, while the commercial capacity is at 88,625 MW.

The Khavda-II Solar PV Project is a crucial component of NTPC’s strategy to enhance its renewable energy portfolio and reduce its carbon footprint. This initiative aligns with India’s broader goal of increasing the share of renewable energy in its energy mix.

NTPC Limited, a leading power generation company in India, has been actively pursuing renewable energy projects to support the country’s transition to cleaner energy sources. The successful commissioning of the 90 MW capacity is a testament to NTPC’s commitment to sustainable energy solutions.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

NTPC Green Energy declares COD for 150 MW solar capacity in Rajasthan

Business Desk — Fri, 17 Apr 2026 05:47:06 +0000

NTPC Green Energy Limited (NGEL), a subsidiary of NTPC, has declared the Commercial Operation Date (COD) for 150 MW of solar capacity in Rajasthan. This marks a significant milestone for the company, as the 150 MW forms part of a larger 300 MW solar project located in the state. The COD is effective from 18th April 2026.

The announcement highlights NTPC’s continued commitment to expanding its renewable energy portfolio. With this new addition, the total installed capacity of the NTPC group now stands at 89,528 MW, while its commercial capacity reaches 88,448 MW.

The solar project in Rajasthan is a strategic move by NTPC Green Energy to bolster its renewable energy footprint, aligning with India’s broader goals of increasing sustainable energy production. The project is expected to contribute significantly to the region’s energy supply, supporting both local and national energy needs.

NTPC Green Energy’s efforts are part of NTPC’s larger strategy to diversify its energy mix and reduce carbon emissions, positioning itself as a leader in the transition towards cleaner energy sources.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

NTPC Green Energy declares COD for solar and wind projects in Gujarat

Yash Agarwal — Wed, 01 Apr 2026 05:32:08 +0000

NTPC Green Energy Limited (NGEL), a subsidiary of NTPC, has announced the commencement of commercial operations for two renewable energy projects in Gujarat. The projects include a 37.5 MW solar capacity and a 13.2 MW wind capacity, both effective from 2nd April 2026.

The solar project is part of a larger 150 MW solar installation, while the wind capacity is a segment of a 100 MW hybrid project, which combines wind and solar power. The hybrid project comprises a total of 92.4 MW of wind and 37.5 MW of solar capacity.

With the addition of these new capacities, NTPC’s total installed capacity has reached 89,145 MW, with a commercial capacity of 88,065 MW. This expansion underscores NTPC’s commitment to enhancing its renewable energy portfolio and contributing to sustainable energy solutions.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

NTPC Green Energy declares 50.7 MW of new capacity operational in Gujarat

Kinjal — Tue, 31 Mar 2026 11:51:11 +0000

NTPC Green Energy Limited has announced the commercial operation of new solar and wind capacities in Gujarat, expanding its operational portfolio. The company declared the fourth part capacity of a 37.5 MW solar project and the seventh part capacity of a 13.2 MW wind project operational as of 2 April 2026. Both projects are part of a larger 150 MW solar and 100 MW hybrid project, respectively, developed by Ayana Renewable Power Four Private Limited, a step-down subsidiary of ONGC NTPC Green Private Limited.

The new operational capacities contribute to the overall installed capacity of NTPC Green Energy Limited Group, which now stands at 10,126.40 MW, up from the previous 10,075.70 MW. This expansion underscores the company’s commitment to enhancing its renewable energy footprint.

The solar project, located in Gujarat, is part of Ayana Renewable Power Four Private Limited’s efforts to bolster renewable energy production in the region. The hybrid project, which includes both wind and solar components, further exemplifies the company’s strategy to integrate diverse renewable energy sources.

With these additions, NTPC Green Energy Limited continues to solidify its position as a leading player in the renewable energy sector, contributing significantly to India’s green energy goals.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

NTPC Green Energy signs agreement with SECI for 70,000 MTPA green ammonia supply

Business Desk — Tue, 31 Mar 2026 02:28:23 +0000

NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited (NGEL), has signed a Green Ammonia Purchase Agreement (GAPA) with the Solar Energy Corporation of India Limited (SECI). The agreement, executed on 30 March 2026, is for the supply of Green Ammonia under the SIGHT Scheme of the National Green Hydrogen Mission, Government of India.

Under the terms of the agreement, NTPC REL will supply 70,000 metric tonnes per annum (MTPA) of Green Ammonia to Krishna Phoschem Limited, located in Meghnagar, Madhya Pradesh. SECI will act as the intermediary procurer for this supply.

This agreement is a significant milestone for NGEL’s Green Hydrogen and Green Ammonia portfolio. It underscores the company’s commitment to supporting India’s decarbonisation goals, aligning with the broader objectives of the National Green Hydrogen Mission.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

NTPC Green Energy expands capacity with new solar projects in Gujarat

Business Desk — Mon, 30 Mar 2026 17:02:01 +0000

NTPC Green Energy Limited has announced the commercial operation of two new solar projects in Gujarat, enhancing its renewable energy capacity. The company declared the twelfth and final part capacity of 78.02 MW from the 1255 MW Khavda-I Solar PV Project operational from 31 March 2026. Additionally, the sixth part capacity of 90 MW from the 1200 MW Khavda-II Solar PV Project also commenced operations on the same date.

These developments bring the current commercial capacity of NTPC Green Energy Limited Group to 9,907.68 MW. With the inclusion of the new capacities, the total installed capacity of the group will increase to 10,075.70 MW, marking a significant milestone in its renewable energy expansion.

The Khavda-I and Khavda-II Solar PV Projects are part of NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Green Energy Limited. These projects are crucial to the company’s strategy to enhance its renewable energy footprint in India.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

NTPC Green Energy declares commercial operation of 105 MW solar project in Gujarat

Yash Agarwal — Sat, 28 Mar 2026 11:20:53 +0000

NTPC Green Energy Limited has announced the commercial operation of a 105 MW capacity as part of its Khavda-II Solar PV Project in Gujarat. This development marks the fifth part of the 1200 MW project being operational.

The new capacity, which became commercially operational from 00:00 hours on 29th March 2026, is a significant addition to NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Green Energy Limited. The project is part of the company’s ongoing efforts to expand its renewable energy footprint across India.

With this addition, the current commercial capacity of the NTPC Green Energy Limited Group has increased from 9,802.68 MW to a total installed capacity of 9,907.68 MW. This expansion underscores the company’s commitment to enhancing its renewable energy portfolio.

The Khavda-II Solar PV Project is a critical component of NTPC Green Energy’s strategy to leverage solar energy as a sustainable and efficient power source. The project is expected to contribute significantly to the company’s overall renewable energy capacity, aligning with India’s broader goals of increasing renewable energy production.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

NTPC Green Energy declares commercial operation of 75 MW solar project

Yash Agarwal — Sat, 28 Mar 2026 11:07:07 +0000

NTPC Green Energy Limited has announced the commercial operation of the third and final part of its 75 MW capacity at the Bhadla Solar PV Project in Phalodi, Rajasthan. This development, effective from 25th March 2026, marks the completion of the 500 MW project by NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Green Energy.

The company received a certificate from Rajasthan Renewable Energy Corporation Limited (RREC) confirming the commercial operation status. With this addition, the total installed capacity of NTPC Green Energy Limited Group will increase from 9,727.68 MW to 9,802.68 MW.

This expansion underscores NTPC Green Energy’s commitment to enhancing its renewable energy portfolio and contributing to sustainable energy solutions.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

NTPC Green Energy declares 165 MW capacity operational in Gujarat solar project

Kinjal — Thu, 19 Mar 2026 05:07:52 +0000

NTPC Green Energy Limited has announced the commencement of commercial operations for a 165 MW capacity as part of its Khavda-II Solar PV Project in Gujarat. This marks the fourth part capacity of the 1,200 MW project undertaken by NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Green Energy Limited. The commercial operation was declared effective from 00:00 hours on 19th March 2026.

With this addition, the commercial capacity of the NTPC Green Energy Limited Group has increased to 9,727.68 MW, up from the previous 9,562.68 MW. This expansion is part of NTPC’s broader strategy to enhance its renewable energy portfolio, reflecting its commitment to sustainable energy solutions.

The Khavda-II Solar PV Project is a significant component of NTPC’s renewable energy initiatives, contributing to the company’s overall installed capacity. The total installed capacity of the NTPC group now stands at 88,709 MW, with a commercial capacity of 87,629 MW.

This development aligns with NTPC’s ongoing efforts to expand its renewable energy footprint, supporting India’s transition to cleaner energy sources.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

NTPC Green Energy declares commercial operation of 165 MW solar project in Gujarat

Kinjal — Wed, 18 Mar 2026 15:56:50 +0000

NTPC Green Energy Limited has announced the commercial operation of a 165 MW capacity from its 1200 MW Khavda-II Solar PV Project located in Gujarat. This development is a part of the company’s ongoing efforts to expand its renewable energy portfolio.

The latest addition brings the total commercial capacity of the NTPC Green Energy Limited Group to 9727.68 MW, up from the previous 9562.68 MW. The company continues to focus on increasing its renewable energy footprint, aligning with global trends towards sustainable energy solutions.

The Khavda-II Solar PV Project is a significant step in NTPC Green Energy’s strategy to enhance its solar power generation capabilities. The project is being executed by NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Green Energy Limited.

The commercial operation of this solar capacity is effective from 00:00 hours on 19 March 2026. This marks a crucial milestone in the company’s journey towards achieving its renewable energy targets.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

NTPC Green Energy declares commercial operation of 69.04 MW capacity at Khavda-I solar project

Aman Shukla — Wed, 24 Dec 2025 12:32:08 +0000

NTPC Green Energy Limited has announced the commercial operation of an additional 69.04 MW solar capacity at its Khavda-I Solar PV Project in Gujarat. The newly commissioned capacity forms the eighth part of the overall 1,255 MW Khavda-I project being developed under the CPSU Scheme Phase-II Tranche-III.

As per the regulatory disclosure made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the said capacity has been declared commercially operational with effect from 00:00 hours on December 25, 2025 (IST). The project is being implemented through NTPC Renewable Energy Limited, which is a wholly owned subsidiary of NTPC Green Energy Limited.

Following this latest commissioning, the current commercial operational capacity of the NTPC Green Energy Limited Group now stands at 7,927.26 MW. With the addition of the 69.04 MW capacity from the Khavda-I Solar PV Project, the group’s total installed renewable energy capacity has increased to 7,996.30 MW.

NTPC Green Energy and SCCL sign MoU to jointly develop renewable energy projects

Aman Shukla — Wed, 19 Nov 2025 15:25:52 +0000

NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has entered into a Memorandum of Understanding (MoU) with The Singareni Collieries Company Limited (SCCL). The agreement was signed on 19 November 2025 in Hyderabad, marking a fresh push toward expanding India’s renewable energy capacity.

The MoU was formally exchanged in the presence of Sh. N Balram (IRS), Chairman and Managing Director of SCCL, along with senior officials from both organisations. The collaboration brings together the strengths of NGEL and SCCL to explore opportunities across a wide range of clean energy technologies.

Under this partnership, both companies will work together on developing renewable energy projects such as solar, wind and hybrid systems—with or without storage solutions. The scope also extends to emerging areas like green hydrogen, its derivatives and green mobility. The aim is to accelerate clean energy deployment while supporting India’s long-term sustainability targets.

NTPC Green Energy begins commercial operations of 75.5 MW at Khavda-I Solar Project

Aman Shukla — Tue, 18 Nov 2025 16:41:01 +0000

NTPC Green Energy Limited (NGEL) has taken another meaningful step in strengthening India’s renewable power landscape. The company confirmed that a 75.5 MW part capacity of the 1255 MW Khavda-I Solar PV Project, located in Gujarat, has officially begun commercial operations.

This comes after the successful commissioning of the section under the CPSU Scheme Phase-II, Tranche-III, and marks continued progress in one of the country’s most ambitious solar parks.

The Khavda-I project is being developed by NTPC Renewable Energy Limited, which is a wholly owned subsidiary of NTPC Green Energy Limited. With this addition, NGEL’s commercial operating capacity has now reached 7563.575 MW. The company also noted that the total installed capacity across the NGEL Group has increased to 7639.075 MW, showing steady and structured growth in its renewable energy portfolio.

NTPC Green signs MoU with ENEOS Japan to boost green hydrogen and methanol exports

Aman Shukla — Fri, 10 Oct 2025 10:41:00 +0000

NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, signed a Memorandum of Understanding (MoU) with ENEOS Corporation, Japan. The agreement, formalized at World Expo 2025 in Osaka, aims to explore a definitive partnership under which NGEL will supply Green Methanol and Green Hydrogen derivative products to ENEOS.

The MoU centers around NGEL’s ambitious Green Hydrogen Hub at Pudimadaka, Andhra Pradesh, spread across 1,200 acres. This hub is being developed as a fully integrated center for green chemicals production and export, positioning India as a key player in the global green energy market.

By combining ENEOS’s demand for hydrogen derivatives with NGEL’s renewable energy and green hydrogen initiatives, this partnership represents a major step toward decarbonization and sustainable energy solutions. The collaboration also aligns with NGEL’s goal of achieving a 60 GW renewable energy portfolio by 2032, reinforcing India’s commitment to the global net-zero emissions target.

This strategic initiative highlights NGEL’s growing role in the green energy transition, contributing not only to India’s energy goals but also supporting global efforts in clean energy innovation and sustainable development.

NTPC Green commissions 288.9 MW solar power capacity at Khavda, Gujarat

Aman Shukla — Fri, 27 Jun 2025 16:14:21 +0000

NTPC Green Energy Limited, through its wholly owned subsidiary NTPC Renewable Energy Limited, has announced the successful commissioning of over 288 MW of solar power capacity in Gujarat, effective June 28, 2025.

As per the company’s exchange filing under Regulation 30 of SEBI (LODR) Regulations, 2015, the first part capacity of 142.2 MW from the 300 MW Khavda Solar Energy Project has been declared commercially operational. This project is part of the 450 MW Hybrid Tranche V initiative and is located at Khavda in Bhuj, Gujarat.

Additionally, a second part capacity of 146.7 MW has also been brought online from the 1255 MW Khavda-I Solar PV Project, which is being developed under the CPSU Scheme Phase-II, Tranche-III. Both projects are part of NTPC’s larger push to expand renewable energy capacity across India.

These developments mark a significant step in NTPC’s ongoing commitment to green energy and contribute toward India’s clean energy goals.

NTPC Green Energy Q4 results: Revenue jump 22.5% YoY to Rs 622.3 crore, net profit up 188.15% YoY

Aman Shukla — Wed, 21 May 2025 09:48:23 +0000

NTPC Green Energy has released its financial results for the fourth quarter, showing significant growth compared to the same period last year.

The company reported a net profit of ₹233.3 crore, a sharp increase from ₹81 crore recorded in the corresponding quarter of the previous year.

Revenue for the quarter rose to ₹622.3 crore, marking a 22.5% increase year-on-year. Operating performance also improved, with EBITDA reaching ₹560.4 crore, up 28.3% from ₹436.7 crore in the same period last year. The company’s operating margin stood at 90%, compared to 86% in the year-ago quarter, indicating better cost efficiency and operational performance.

In the meantime, NTPC Green Energy shares opened at ₹103.14 today, matching the previous close. The stock saw intraday movement between a low of ₹101.80 and a high of ₹108.25. Despite recent fluctuations, it remains significantly above its 52-week low of ₹84.55. However, it’s still below the 52-week high of ₹155.35.

NTPC Green Energy shares surge 2.4% after joint venture with CSPGCL

Aman Shukla — Tue, 11 Mar 2025 04:00:43 +0000

NTPC Green Energy Limited (NGEL) shares rose over 2% after signing a Joint Venture Agreement (JVA) with Chhattisgarh State Power Generation Company Limited (CSPGCL) during the Chhattisgarh Energy Investors Summit in Raipur. As of 9:28 AM, the shares were trading 2.47% higher at Rs 97.46.

This strategic partnership aims to accelerate renewable energy development in Chhattisgarh and other locations, focusing on solar, wind, hybrid, and floating solar projects.

The newly formed joint venture company (JVC) will have NGEL holding a 74% stake, while CSPGCL will own 26%. With a total capacity of up to 2 GW, the JVC will develop, operate, and maintain renewable energy parks, including ultra-mega renewable energy power parks (UMREPPs). Additionally, the company will explore reservoirs for floating solar projects to further enhance clean energy initiatives.

NTPC Green Energy shares opened at ₹94.85, reaching a high of ₹97.65 and a low of ₹94.50. The stock’s 52-week high stands at ₹155.35, while the 52-week low is ₹84.55.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

NTPC Green and CSPGCL form joint venture for renewable energy projects in Chhattisgarh

Aman Shukla — Mon, 10 Mar 2025 16:39:19 +0000

NTPC Green Energy Limited (NGEL) and Chhattisgarh State Power Generation Company Limited (CSPGCL) signed a Joint Venture Agreement (JVA) during the Chhattisgarh Energy Investors Summit in Raipur. The partnership aims to develop renewable energy projects in Chhattisgarh and other identified locations, with a focus on solar, wind, hybrid, and floating solar projects.

The joint venture company (JVC) will have a shareholding pattern of 74% NGEL and 26% CSPGCL. The JVC’s primary objective is to develop, operate, and maintain renewable energy parks, including ultra-mega renewable energy power parks (UMREPP), with a total capacity of up to 2 GW. Additionally, the JVC will identify reservoirs for floating solar projects, further boosting clean energy initiatives.

The renewable power generated by the JVC will be supplied to CSPGCL, DISCOMs in Chhattisgarh, other DISCOMs, and commercial & industrial (C&I) customers across India. NGEL will appoint three directors to the JVC board, while CSPGCL will appoint one. The initial authorized and paid-up share capital of the JVC is set at ₹10 lakhs, with 1,00,000 equity shares issued at ₹10 per share in a 74:26 ratio to NGEL and CSPGCL, respectively.

NTPC Green Energy shares drop 2% on Q3 results

Aman Shukla — Mon, 27 Jan 2025 04:18:56 +0000

NTPC Green Energy Limited’s Q3 FY25 results saw a mixed market reaction, with its shares dropping by more than 2%. As of 9:44 AM, the shares were trading 1.99% lower at Rs 110.08.

The firm reported a net profit of ₹65.61 crore for the quarter, which was 18% more than the ₹55.61 crore it made in Q3 of FY24. Operational revenue increased by an outstanding 13% year over year to ₹505.08 crore from ₹446.14 crore in the same quarter of the previous year. Due in major part to a sharp increase in other revenue, which rose from ₹17.32 crore to ₹76.38 crore, total income increased by 25.5% to ₹581.46 crore.

In terms of expenditure, NTPC Green Energy saw a rise in expenses during the quarter. Employee benefits, financing costs, and depreciation all saw significant increases in total expenses, which increased from ₹383.28 crore in Q3 FY24 to ₹482.22 crore. Finance expenditures increased to ₹208.10 crore from ₹173.55 crore YoY, while employee benefits spending almost doubled to ₹18.92 crore. The company’s profit before tax (PBT) rose by 23.8% to ₹99.24 crore in spite of these elevated expenses.

Compared to ₹0.12 in the same quarter previous year, earnings per share (EPS) for Q3 FY25 were ₹0.08, indicating the impact of an increased equity base.

NTPC Green Energy shares opened at ₹110.83, with a high of ₹111.00 and a low of ₹107.90 on the day. The stock has reached a 52-week high of ₹155.35 and a 52-week low of ₹107.90.

In the meantime, on January 24, 2025, NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Green Energy Limited, secured a 300 MW solar project in NHPC Limited’s e-reverse auction. This project, which includes a 150 MW/300 MWh energy storage system, was awarded at a tariff of ₹3.09/kWh. The project is part of a larger initiative to set up 1.2 GW ISTS-connected solar power projects across India.

NTPC Green Energy Q3 Results: Net profit rises 18% YoY, revenue up 13%

Markets Desk — Sat, 25 Jan 2025 08:55:49 +0000

NTPC Green Energy Limited has reported a strong performance in its Q3 FY25 results, with both revenue and profitability showcasing solid growth. The company’s net profit for the quarter rose by 18% year-on-year (YoY) to ₹65.61 crore, compared to ₹55.61 crore in the same quarter last year. Revenue from operations increased by 13% YoY, reaching ₹505.08 crore as against ₹446.14 crore in Q3 FY24. Total income for the quarter stood at ₹581.46 crore, reflecting a significant 25.5% growth from ₹463.46 crore in the corresponding period of the previous year. This includes other income of ₹76.38 crore, which surged compared to ₹17.32 crore in Q3 FY24.

On the expenditure front, total expenses for Q3 FY25 increased to ₹482.22 crore, up from ₹383.28 crore a year ago. Employee benefits expense stood at ₹18.92 crore, compared to ₹8.96 crore in the same period last year, while finance costs rose to ₹208.10 crore from ₹173.55 crore YoY. Depreciation and amortization expenses also grew, amounting to ₹194.56 crore during the quarter, compared to ₹158.66 crore in Q3 FY24. Profit before tax (PBT) for the quarter climbed to ₹99.24 crore, a 23.8% increase from ₹80.18 crore reported in the previous year.

Earnings per share (EPS) for the quarter stood at ₹0.08, reflecting the impact of an expanded equity base, compared to ₹0.12 in Q3 FY24. The company attributed a net profit of ₹65.61 crore to the owners of the parent company, with no significant impact from non-controlling interests.

The company continues to strengthen its renewable energy portfolio and maintain operational efficiency. The strong growth in both revenue and profitability highlights NTPC Green Energy’s focus on sustainable energy solutions. With increasing contributions from renewable sources, the company is poised to capitalize on the growing demand for clean energy in India. Its performance in Q3 FY25 positions it well to sustain its momentum in the coming quarters, aligning with the country’s broader renewable energy goals.

NTPC Green Energy declares commercial operation of additional solar capacities

Aditya Bhagchandani — Thu, 09 Jan 2025 17:18:35 +0000

NTPC Green Energy Limited, a subsidiary of NTPC Limited, has announced the commercial operation of additional solar power capacities under its Bhainsara and Shajapur Solar Projects.

Key Updates:

Bhainsara Solar PV Project:
- Second part capacity of 60 MW out of a total 320 MW has been declared commercially operational, effective January 7, 2025.
- Previously, 160 MW capacity was declared operational on August 28, 2024, bringing the total operational capacity to 220 MW.
Shajapur Solar Project:
- Second part capacity of 50 MW under Unit-II, out of a total 220 MW, is set to commence commercial operations from January 10, 2025.
- The first part capacity of 50 MW began operations on September 30, 2024, making the total operational capacity 100 MW.

Strategic Significance:

This announcement underlines NTPC Green Energy’s continued commitment to renewable energy growth. With these additions, the company further strengthens its position in India’s transition to clean energy, contributing significantly to the nation’s solar power capacity.

NTPC Green Energy shares drop nearly 5% as one-month lock-in period ends

Aditya Bhagchandani — Thu, 26 Dec 2024 04:04:00 +0000

Shares of NTPC Green Energy Limited witnessed a decline of nearly 5%, trading at ₹127.46, after the expiration of its one-month lock-in period. This development has made 18.3 crore shares, or 2% of the company’s outstanding equity, eligible for trading in the open market.

Key Highlights:

Lock-in Expiry Impact: The one-month lock-in period for NTPC Green Energy ended today, freeing up 18.3 crore shares for potential trading.
Upcoming Milestone: A three-month lock-in period will expire on February 24, 2025, allowing another 18.3 crore shares (2% of outstanding equity) to be traded.
IPO Performance: The company’s ₹10,000 crore IPO, entirely a fresh issue, was oversubscribed 2.55 times. The shares debuted at a premium price of ₹108 and reached a post-listing high of ₹155.

NTPC GREEN ENERGY LIMITED Share Price history

Day	Open	Close	Change %
Tue, Dec 24 2024	₹134.81	₹133.01	-1.12%
Mon, Dec 23 2024	₹136.35	₹134.51	+2.16%
Fri, Dec 20 2024	₹135.50	₹131.67	-2.34%
Thu, Dec 19 2024	₹132.10	₹134.83	-0.49%
Wed, Dec 18 2024	₹139.00	₹135.49	-3.04%
Tue, Dec 17 2024	₹140.90	₹139.74	-1.40%
Mon, Dec 16 2024	₹144.12	₹141.73	-1.67%
Fri, Dec 13 2024	₹138.15	₹144.13	+0.52%

It is important to note that the expiration of the lock-in period does not necessarily mean all the freed-up shares will be sold in the market. This development may lead to increased liquidity but does not directly imply selling pressure.

NTPC Green shares surge 2% after signing MoU with Government of Bihar

Aman Shukla — Mon, 23 Dec 2024 04:53:37 +0000

NTPC Green Energy’s stock saw a 2% jump in morning trade following its signing of a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar, on December 20, 2024, during the “Bihar Business Connect 2024” Global Investors’ Summit in Patna.

The compnay’s shares opened at 136.35, with a high of 137.09 and a low of 132.12. The stock has a 52-week high of 155.35 and a 52-week low of 111.50. T

The MoU, exchanged between senior officials from both parties, marks a significant milestone in promoting renewable energy in Bihar. The agreement focuses on boosting investments in ground-mounted and floating solar projects, battery storage systems, and green hydrogen mobility. In support of these initiatives, the Bihar government has pledged to ensure smooth project implementation through timely approvals, registrations, and clearances.

As of 10:25 am, NTPC Green Energy shares were trading 1.47% higher at Rs 133.61 on the NSE.

NTPC Green Energy signs MoU with Government of Bihar to boost solar and green hydrogen initiatives

Aman Shukla — Sat, 21 Dec 2024 05:32:49 +0000

NTPC Green Energy Limited (NGEL), a subsidiary of NTPC, has signed a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar, at the “Bihar Business Connect 2024” Global Investors’ Summit in Patna on December 20, 2024.

The MoU, exchanged between Shri Alok Ranjan Ghosh, Director (Industries), Government of Bihar, and Shri Bimal Gopalachari, Addl. GM (Business Development), NGEL, marks a significant step toward sustainable development in the state.

The agreement aims to boost renewable energy investments in Bihar, focusing on ground-mounted and floating solar projects, battery storage systems, and green hydrogen mobility. The Government of Bihar has committed to facilitating necessary permissions, registrations, and clearances, ensuring smooth implementation of these projects.

NTPC Green Energy and Bihar’s government are jointly focusing on expanding green energy infrastructure, reinforcing Bihar’s position as a key player in India’s renewable energy transition.

NTPC Green Energy announces 30 MW commercial operation at Gujarat Solar PV project

Aman Shukla — Thu, 19 Dec 2024 07:13:12 +0000

NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Green Energy Limited, has successfully commissioned an additional 30 MW of capacity at its Gujarat Solar PV Project. This expansion brings the total operational capacity of the project to 30 MW out of the planned 150 MW, marking a significant step towards the company’s goal of boosting renewable energy generation in India.

In the exchange filing, the company shared, “We wish to inform you that on the basis of certificate dated 18.12.2024 issued by Gujarat Energy Development Agency, second part capacity of 30 MW out of 150 MW Gujarat Solar PV Project, Mesanka, Gujarat of NTPC Renewable Energy Limited (a wholly owned subsidiary of NTPC Green Energy Limited) is declared on Commercial Operation w.e.f. 00:00 Hrs of 11.12.2024”

The commencement of the additional 30 MW capacity is effective from 00:00 Hrs on December 11, 2024. With this achievement, NTPC REL is one step closer to fulfilling its commitment to provide sustainable and green energy solutions, helping to meet the growing energy demand in a cleaner and more environmentally friendly manner.

NTPC Green Energy shares surge 5% after subsidiar wins 500 MW solar contract in SECI auction

Aman Shukla — Wed, 11 Dec 2024 03:48:13 +0000

NTPC Green Energy Limited’s shares climbed 5% following a significant win by its subsidiary, NTPC Renewable Energy Limited (NTPC REL), in a Solar Energy Corporation of India (SECI) e-reverse auction on December 9, 2024.

NTPC REL secured a 500 MW Solar PV Power Project capacity at a competitive tariff of ₹3.52 per kWh. The project includes an Energy Storage System (ESS) of 250 MW/1000 MWh, enhancing renewable energy reliability. This is part of SECI’s 2000 MW ISTS-connected Solar PV Power Projects initiative with 1000 MW/4000 MWh ESS capacity.

NTPC Green Energy shares opened at ₹152.51, reaching a high of ₹154.40 and a low of ₹151.00 today. The stock is nearing its 52-week high of ₹155.35, showcasing strong momentum from its 52-week low of ₹111.50.

As of 9:17 am, NTPC Green shares were trading 3.21% higher at Rs 151.36 on the NSE.

NTPC Green Energy’s market cap gains by Rs 1,820 crore today

Aditya Bhagchandani — Thu, 28 Nov 2024 04:50:37 +0000

Shares of NTPC Green Energy rose by 1.75% today, closing at Rs 123.78. This surge has resulted in a market capitalization gain of approximately Rs 1,820 crore, taking the company’s total market cap to Rs 1,04,301.11 crore.

The stock reached an intraday high of Rs 124.82, marking a 52-week high, with a robust trading volume of 623.41 lakh shares and a traded value of Rs 759.50 crore. This strong performance reflects growing investor confidence in NTPC Green Energy’s growth trajectory and market presence in the renewable energy space.

The company continues to be a leader in the power generation industry, benefiting from the increasing global shift towards sustainable energy solutions.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. The author or platform is not liable for any losses arising from the use of this information.

NTPC Green Energy’s market cap gains Rs 9,348.93 crore today

Aditya Bhagchandani — Wed, 27 Nov 2024 09:22:06 +0000

Shares of NTPC Green Energy Limited surged 10% on its listing day, closing at Rs 122.65. The stock’s robust performance added Rs 9,348.93 crore to its market capitalization, which now stands at Rs 1,03,348.93 crore.

In today’s trading session, NTPC Green Energy debuted strongly with an opening price of Rs 111.50. The stock reached a high of Rs 122.65 and a low of Rs 111.50 during the session. The overwhelming investor response saw the total traded volume at 2,867.10 lakh shares, with a traded value of Rs 3,417.29 crore.

Key trading details:

Open: Rs 111.50
High: Rs 122.65
Low: Rs 111.50
Closing Price: Rs 122.65
Traded Volume: 2,867.10 lakh shares
Traded Value: Rs 3,417.29 crore
Deliverable Quantity (%): 37.21%
52-Week High and Low: Rs 122.65 and Rs 111.50 (27-Nov-2024)

The company’s strong debut highlights investor optimism about NTPC Green Energy’s renewable energy business and future growth prospects.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. The author or Business Upturn is not liable for any losses arising from the use of this information.

NTPC Green Energy shares surge 13.56% on listing day – Know More

Aditya Bhagchandani — Wed, 27 Nov 2024 05:11:09 +0000

NTPC Green Energy Ltd. (NTPCGREEN) made a robust debut on the stock market today, with its shares surging and hitting the 10% upper circuit limit. The stock opened at ₹111.50 on the NSE, which was 3.24% higher than its issue price of ₹108. By reaching a current market price (CMP) of ₹122.65, the stock has recorded a 13.56% increase from its previous close. However, in today’s trading session, the stock has hit the 10% based on intra-day price movements.

Understanding the Price Movement

Issue Price (Previous Close): ₹108
Opening Price Today: ₹111.50
Current Market Price (CMP): ₹122.65
Increase from Previous Close: ₹122.65 – ₹108 = ₹14.65
Percentage Gain from Previous Close: (₹14.65 / ₹108) × 100 = 13.56%

While the stock is up 13.56% from its issue price (considered as the previous close for a newly listed stock), the upper circuit limit applies to the intra-day price movement from the opening price. Here’s how the intra-day movement led to the 10% upper circuit:

Intra-day Price Movement Calculation

Opening Price: ₹111.50
Upper Circuit Limit (10% of Opening Price): ₹111.50 × 10% = ₹11.15
Upper Circuit Price: ₹111.50 + ₹11.15 = ₹122.65

The stock reached ₹122.65, which is exactly 10% above the opening price, triggering the upper circuit. This means that, for the day, the stock cannot trade above this price due to regulatory limits on daily price movements to curb volatility.

Key Listing Highlights

Issue Price Band: ₹102-108 per share
IPO Size: ₹10,000 crore
Subscription Period: November 19 to November 22
Investor Participation: The IPO received decent overall participation during its three-day bidding window.

Recent Developments Boosting Investor Confidence

NTPC Green Energy Ltd. recently signed a Memorandum of Understanding (MoU) with Chhattisgarh State Power Generation Co. Ltd. (CSPGCL) to develop up to 2000 MW of renewable energy projects, including floating solar power plants. This strategic partnership is expected to:

Boost Renewable Energy Capacity: Enhance the green energy footprint in Chhattisgarh.
Strengthen Market Position: Solidify NTPC Green’s standing in the renewable energy sector.
Support National Targets: Align with India’s ambitious renewable energy goals.

Senior officials present at the MoU signing on November 26, 2024, included:

Shri G. K. Gupta, Chief Engineer (CP & BD), CSPGCL
Shri D. Joshi, General Manager (Engineering), NTPCGREEN
Shri S. K. Katiyar, Managing Director, CSPGCL
Shri P. K. Mishra, Regional Executive Director (WR-II), NTPC

Investor Takeaway

The impressive debut and subsequent surge in NTPC Green’s share price reflect strong investor confidence in the company’s growth prospects, particularly in the renewable energy sector. Hitting the 10% upper circuit indicates high demand and positive market sentiment, even as the overall gain from the issue price stands at 13.56%.

Investors should note that while the stock cannot trade above the upper circuit price today, its performance signals robust interest that could influence future trading sessions.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors are encouraged to conduct their own research or consult a financial advisor before making investment decisions.

NTPC Green Energy lists at Rs 111.50 with a 3.24% premium on NSE

Aditya Bhagchandani — Wed, 27 Nov 2024 04:30:02 +0000

NTPC Green Energy Ltd. (NTPCGREEN) made its stock market debut today, listing at ₹111.50 on the NSE, which is 3.24% higher than its issue price of ₹108. Despite a subdued grey market premium (GMP) ahead of the listing, the stock opened on a positive note.

Key Listing Highlights:

Issue Price Band: ₹102-108 per share
Listing Price: ₹111.50 on NSE
Premium: 3.24% over the issue price
IPO Size: ₹10,000 crore
Subscription: Received decent overall participation during its three-day bidding window from November 19 to November 22.

Ranking in 2024 IPOs:

NTPC Green’s IPO ranks as the third-largest IPO of 2024, following Hyundai Motor India (₹27,870 crore) and Swiggy (₹11,300 crore).

This positive debut reflects market optimism despite earlier predictions of a subdued listing, showcasing NTPC Green’s strategic importance in the renewable energy sector.

NTPC Green Energy IPO Listing: GMP falls on market debut day, Know More

Aditya Bhagchandani — Wed, 27 Nov 2024 02:37:18 +0000

The shares of NTPC Green Energy Ltd. are set to make their debut on Wednesday, November 27, after the initial public offering (IPO) closed for bidding from November 19 to November 22. Priced within a fixed band of ₹102-108 per share, the ₹10,000-crore IPO saw decent subscription figures but is likely to witness a subdued listing.

Grey Market Premium (GMP) Update

As of today, NTPC Green’s shares are trading at a GMP of ₹1, indicating a modest 0.93% premium over the issue price. This muted grey market activity suggests a lackluster opening on Dalal Street.

Key Highlights:

Issue Price Band: ₹102-108 per share
Total IPO Size: ₹10,000 crore
Subscription Figures: Decent overall participation during the three-day bidding process.
Ranking: Third-largest IPO of 2024, trailing Hyundai Motor India (₹27,870 crore) and Swiggy (₹11,300 crore).

Investor Sentiment

The grey market activity hints at a tepid start for NTPC Green Energy shares, with market trends reflecting cautious optimism among investors.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

NTPC Green Energy signs MoU with Chhattisgarh State Power to develop 2000 MW renewable energy projects

Aditya Bhagchandani — Tue, 26 Nov 2024 17:49:22 +0000

NTPC Green Energy Ltd (NGEL), a subsidiary of NTPC, has entered into a Memorandum of Understanding (MoU) with Chhattisgarh State Power Generation Co. Ltd (CSPGCL) to develop up to 2000 MW of renewable energy projects, including floating solar power plants. This strategic partnership is a significant step towards boosting NGEL’s renewable energy portfolio and aligning with India’s clean energy goals.

The MoU was signed on November 26, 2024, in Raipur. The agreement was exchanged by Shri G. K. Gupta, Chief Engineer (CP & BD) of CSPGCL, and Shri D. Joshi, General Manager (Engineering) of NGEL, in the presence of senior dignitaries including:

Shri S. K. Katiyar, Managing Director of CSPGCL
Shri P. K. Mishra, Regional Executive Director (WR-II) of NTPC
Other officials from NGEL, NTPC, and CSPGCL

This collaboration is poised to enhance the renewable energy capacity in the state of Chhattisgarh, leveraging advanced technologies like floating solar projects, which utilize water surfaces for energy generation. This initiative will not only promote clean energy but also support India’s ambitious renewable energy targets.

NTPC Green Energy IPO: Subscribed 93% on Day 2, led by retail investors

Aditya Bhagchandani — Thu, 21 Nov 2024 12:19:46 +0000

The initial public offering (IPO) of NTPC Green Energy Limited garnered a 93% subscription on the second day of the offer, with bids received for 54.96 crore shares against 59.31 crore shares on offer.

Key Subscription Details

Retail Individual Investors (RIIs): The retail segment was oversubscribed by 2.38 times, indicating strong demand.
Non-Institutional Investors (NIIs): Subscribed 34%, reflecting moderate interest.
Qualified Institutional Buyers (QIBs): Witnessed a 75% subscription.

Anchor Investments

NTPC Green Energy raised ₹3,960 crore from anchor investors before the IPO launch, boosting market confidence.

IPO Details

Issue Size: ₹10,000 crore, entirely a fresh issue with no Offer-for-Sale (OFS) component.
Price Band: ₹102-108 per share.
Subscription Period: November 19 to November 22.
Use of Proceeds:
- ₹7,500 crore to repay or prepay loans of NTPC Renewable Energy Ltd. (NREL).
- Remaining funds for general corporate purposes.

Grey Market Premium (GMP)

Despite the decent subscription figures, the grey market premium (GMP) remained flat, hinting at subdued listing gains for the IPO.

Timeline

Allotment Date: November 25.
Listing Date: November 27.

Outlook

While retail investors have shown robust enthusiasm, subdued demand from NIIs and flat GMP suggest tempered expectations for listing day gains. The IPO proceeds will significantly reduce NREL’s debt, supporting NTPC Green Energy’s renewable energy expansion and strengthening its financial position.

Disclaimer: The above content is for informational purposes only. Consult a certified financial advisor before making investment decisions.

NTPC Green Energy IPO: Should you subscribe as retail investors show strong interest?

Aditya Bhagchandani — Wed, 20 Nov 2024 06:17:15 +0000

The NTPC Green Energy IPO witnessed a promising start, garnering a 33% subscription rate on its opening day, November 19. A total of 19.48 crore shares were bid for out of the 59.3 crore shares available. Retail investors showed robust interest, subscribing to 133% of their allocated 8.6 crore shares.

Subscription Details

Retail Individual Investors (RIIs): Oversubscribed by 133%.
Non-Institutional Investors (NIIs): Subscribed to 2 crore shares against an allocation of 12.9 crore.
Qualified Institutional Buyers (QIBs): Subscribed to just 87,906 shares out of 25.9 crore earmarked for them.
Employee Category: Subscribed 17%.

The IPO, aimed at raising Rs 10,000 crore, offers shares in a price band of Rs 102-108. Retail investors can apply with a minimum lot size of 138 shares, requiring an investment of Rs 14,904. Subscriptions close on November 22, with allotment expected on November 25 and listing tentatively set for November 27 on the BSE and NSE.

Purpose of the IPO

The funds raised will primarily support NTPC Green Energy’s investment in its subsidiary, NTPC Renewable Energy Ltd, for debt repayment and general corporate purposes.

Key Highlights

NTPC Green Energy raised Rs 3,960 crore through its anchor book on November 18, with participation from marquee global investors like Goldman Sachs, Morgan Stanley, and the Government of Singapore.
The company, incorporated in April 2022, focuses on renewable energy projects and aims to lead India’s clean energy transition.

Should You Subscribe?

The IPO has seen strong interest from retail investors, but the muted response from QIBs may raise some concerns. Investors looking to participate should evaluate the company’s growth potential in renewable energy and its strategic role in India’s energy transition.

Disclaimer: The information provided is for informational purposes only and should not be considered financial advice. Consult a certified expert before making investment decisions.

NTPC Green Energy IPO opens for public subscription; LIC emerges as biggest anchor investor

Aditya Bhagchandani — Tue, 19 Nov 2024 03:35:41 +0000

The much-anticipated ₹10,000-crore IPO of NTPC Green Energy commenced today, offering shares at a price band of ₹102-108 per share. The IPO, entirely a fresh issue, marks a significant step for the largest renewable energy public sector enterprise, aiming to strengthen its position in the renewable energy sector.

Key Details of the IPO:

Issue Size: 92.59 crore equity shares.
Price Band: ₹102-108 per share.
Bid Lot: 138 equity shares and multiples thereof.
IPO Closing Date: November 22, 2024.
Allocation:
- 75% reserved for Qualified Institutional Buyers (QIBs).
- 15% for Non-Institutional Investors (NIIs).
- 10% for Retail Investors.
- ₹200 crore worth of shares reserved for employees (at a ₹5 discount per share).
- ₹1,000 crore reserved for NTPC shareholders.

Anchor Book Allocation:

On Monday, NTPC Green Energy raised ₹3,960 crore via anchor investors, with Life Insurance Corporation of India (LIC) emerging as the largest investor, investing ₹500 crore.

Anchor Investors:
- LIC received 12.63% of the anchor allocation.
- Other marquee investors include Goldman Sachs, Morgan Stanley, Government of Singapore, and Abu Dhabi Investment Authority.
- Domestic institutional investors include ICICI Prudential MF, SBI Life Insurance, HDFC Life Insurance, and Kotak AMC, among others.
- Out of 36.67 crore equity shares allocated, 14.53 crore shares were allocated to domestic mutual funds across 72 schemes.

Fund Utilization:

₹7,500 crore will be used to repay debt of NTPC Renewable Energy, a subsidiary.
Remaining proceeds will be allocated for debt prepayment and general corporate purposes.

Business Overview:

NTPC Green Energy, a Maharatna central public sector enterprise, is one of India’s leading renewable energy players:

Operational Capacity (as of August 2024):
- 3,071 MW from solar projects.
- 100 MW from wind projects.
Future Goals:
- 60 GW renewable energy capacity by 2032.
- Currently, 3.5 GW installed capacity with over 28 GW in progress.
- Expanding focus on green hydrogen, green chemicals, and storage solutions.

Merchant Bankers:

The IPO is managed by IDBI Capital Markets & Securities, HDFC Bank, IIFL Securities, and Nuvama Wealth Management.

This IPO is one of the final major public offerings of 2024, representing a significant milestone in India’s renewable energy journey. Investors will closely monitor subscription trends and the company’s future potential in the renewable sector.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

NTPC Green Energy sets price band for Rs 10,000 crore IPO, opens next week — Check Details

Aditya Bhagchandani — Wed, 13 Nov 2024 02:36:19 +0000

NTPC Green Energy Ltd., the renewable energy arm of state-owned NTPC Ltd., has announced the price band for its upcoming Initial Public Offering (IPO) valued at ₹10,000 crore. The IPO will open on November 19 and close on November 22, with shares priced between ₹102 and ₹108 per equity share.

Investors can bid for the IPO in lots of 138 shares. The offering consists entirely of fresh equity shares, with no Offer For Sale (OFS) component, making it the second-largest IPO this year after Hyundai Motor India’s ₹27,870 crore issue.

The allocation is structured to reserve 75% of the issue for institutional investors, 15% for non-institutional investors, and 10% for retail investors. Additionally, up to ₹200 crore worth of shares will be set aside for eligible employees, who can avail of a ₹5 per share discount. Existing NTPC shareholders will also have an exclusive reservation of up to ₹1,000 crore under the shareholder quota.

NTPC Green Energy, a Maharatna PSU subsidiary, focuses on large-scale renewable energy projects. In its Red Herring Prospectus, the company has outlined potential risks, including offtaker and supplier concentration, as well as project execution challenges.

NTPC Green Energy increases solar power capacity with 32.90 MW addition at Shambu ki Burj-2 Project

Aman Shukla — Tue, 29 Oct 2024 11:17:27 +0000

NTPC Green Energy Limited (NGEL), a wholly-owned subsidiary of NTPC Limited, has commissioned an additional 32.90 MW of its 300 MW Shambu ki Burj-2 Solar PV Project in Rajasthan, bringing the total installed and commercial capacity of the NTPC group to 76475.68 MW.

Previously, the project declared the commercial operation of its first part capacity of 150 MW on September 29, 2022, and the second part capacity of 98.78 MW on September 30, 2024.

Key Highlights:

Project: Shambu ki Burj-2 Solar PV Project
Location: Bikaner, Rajasthan
Total Capacity: 300 MW
Total Installed Capacity of NTPC Group: 76,475.68 MW

This announcement further cements NTPC’s dedication to expanding its renewable energy footprint and contributing to India’s energy security and sustainability goals.

NTPC Green Energy receives SEBI approval for Rs 10,000 crore IPO

Aman Shukla — Mon, 28 Oct 2024 11:28:07 +0000

NTPC Green Energy Limited, a wholly-owned subsidiary of NTPC Limited, has officially received approval from the Securities and Exchange Board of India (SEBI) to launch an IPO worth ₹10,000 crores.

The upcoming IPO will feature a face value of ₹10 per equity share and will consist entirely of a fresh issue of equity shares. Additionally, the offer includes a reserved subscription for eligible employees, with a discount provided for those participating in the employee reservation portion.

The ₹ 7,500 crore proceeds from the fresh issue will be utilized for investment in its wholly owned subsidiary, NTPC Renewable Energy Limited (NREL), repayment/prepayment of NREL’s outstanding borrowings and general corporate purposes.

NTPC Green Energy signs MoU with Government of Rajasthan for development of 25 GW of renewable energy project

Aman Shukla — Mon, 30 Sep 2024 12:51:58 +0000

NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Ltd, has entered into a Memorandum of Understanding (MoU) with the Rajasthan government for the development of 25 GW of renewable energy projects in the state. The MoU was signed on September 30, 2024, during the Rising Rajasthan Investor Meet in New Delhi.

The MoU was exchanged between Shri K S Sundaram, Director (Projects), NGEL and Shri Alok, (IAS) ACS (Energy), in the presence of the Chief Minister of Rajasthan. The event was also attended by senior officials from the Rajasthan government and NGEL.

NTPC Green Energy signs Joint Venture Agreement with MAHAPREIT for development of 10 GW RE projects

Aman Shukla — Thu, 26 Sep 2024 09:33:04 +0000

NTPC Green Energy Limited (NGEL), a wholly-owned subsidiary of NTPC Ltd., has recently signed a Joint Venture Agreement with Mahatma Phule Renewable Energy and Infrastructure Technology Ltd. (MAHAPREIT).

Shri Rajiv Gupta, CEO (NGEL), and Shri Bipin Shrimali, MD (MAHAPREIT) signed the JVA in Mumbai, in the presence of other senior NGEL and MAHAPREIT officials.

The JV Company will establish 10 GW of renewable energy parks and projects in Maharashtra or any other state in India.

In the meantime, as of 3:04 am, NTPC shares were trading 0.25% lower at Rs 434.70 on the NSE.

NTPC Green Energy IPO: Key risk factors for investors to consider

News Desk — Thu, 19 Sep 2024 07:48:26 +0000

As NTPC Green Energy Limited, a subsidiary of NTPC, prepares to launch its Initial Public Offering (IPO), potential investors should be aware of several risk factors that could impact their investments. The company operates in a growing renewable energy sector, but faces significant challenges. Here’s a breakdown of the key risk factors highlighted in the Draft Red Herring Prospectus.

1. High Business Concentration Risk

NTPC Green Energy’s business is heavily dependent on a concentrated group of clients, with the top five customers accounting for more than 87% of its revenue. This exposes the company to financial risks if it loses any major clients or if these customers face financial difficulties themselves. Investors should be cautious, as the loss of even one major client could lead to a significant decline in the company’s revenue and profitability.

2. Seasonality Impact on Operations

The renewable energy sector is inherently seasonal, particularly in the case of wind and solar energy projects. Wind energy production peaks between April and September, while solar energy output tends to fluctuate, performing better during the winter and summer months. This seasonality can affect the company’s cash flow and financial performance, especially if adverse weather conditions disrupt expected energy production.

3. Execution and Project Management Risks

NTPC Green Energy operates in a highly competitive industry that requires timely and efficient execution of renewable energy projects. The company faces several operational risks, including challenges related to:

Land Acquisition: Securing large tracts of land for renewable projects can be difficult, particularly in densely populated areas or regions with legal disputes.
Transmission Connectivity: The company must ensure seamless integration with India’s power grid, which requires cooperation from transmission companies and regulatory bodies.
Project Delays: Delays in project execution, due to regulatory hurdles, supply chain disruptions, or technical difficulties, can affect revenue projections and investor returns.

4. Financial Stability of State Discoms

NTPC Green Energy is exposed to significant counterparty risk due to its dependence on power distribution companies (Discoms), many of which are state-owned. These Discoms have historically faced financial difficulties, including delayed payments to renewable energy companies. If Discoms continue to struggle, NTPC Green Energy could face cash flow problems, which may in turn affect its ability to meet operational and financial obligations.

5. Fluctuations in Renewable Energy Policies

The renewable energy sector is highly regulated, and government policies play a crucial role in its development. Any changes in policies related to tariffs, subsidies, or tax incentives could impact the profitability of NTPC Green Energy’s projects. Additionally, any unfavorable changes in environmental or energy regulations could increase the company’s operational costs or limit its ability to expand.

6. Dependence on Government Support

As a public sector company, NTPC Green Energy enjoys significant backing from the government. However, any reduction in government support or changes in strategic priorities could adversely affect its business. Investors should be mindful of this risk, as changes in political leadership or policy focus could shift resources away from renewable energy projects.

7. Competition in the Renewable Energy Sector

The renewable energy industry is highly competitive, with both domestic and international players competing for projects, contracts, and regulatory support. NTPC Green Energy faces stiff competition from other renewable energy companies, as well as from traditional power generation companies venturing into green energy. This competition could drive down margins and limit the company’s growth prospects.

Conclusion

While NTPC Green Energy Limited operates in a growing industry with immense potential, it also faces considerable risks that could impact its financial performance and investor returns. From client concentration risks to execution challenges and regulatory uncertainties, investors should carefully assess these risk factors before deciding to invest in the company’s IPO.

NTPC Green Energy IPO: Allocation structure, retail, institutional investors, and employees quotas revealed

News Desk — Thu, 19 Sep 2024 07:37:29 +0000

NTPC Green Energy Limited, a subsidiary of NTPC, is preparing for its upcoming Initial Public Offering (IPO), offering a fresh issue of equity shares worth ₹10,000 crores. The company is set to tap into the market with a 100% Book Built Issue. Investors from various categories, including Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), Retail Individual Investors (RIIs), eligible shareholders, and employees, can participate in the offering.

Key Quotas and Allocations

Investor Category	Quota/Allocation
Qualified Institutional Buyers (QIBs)	At least 75% of the net issue
Non-Institutional Investors (NIIs)	Not more than 15% of the net issue
Retail Individual Investors (RIIs)	Up to 10% of the net issue
Eligible Shareholders	Portion reserved for bids up to ₹20 lakhs
Eligible Employees	Up to 5% of post-issue paid-up equity capital, bids up to ₹50 lakhs

Allocation Structure

Qualified Institutional Buyers (QIBs): A minimum of 75% of the net issue is reserved for QIBs. Anchor investors, a subset of QIBs, may be allocated up to 60% of this portion. Anchor investors are expected to participate in the issue prior to the opening date, securing a significant portion of the IPO.
Non-Institutional Investors (NIIs): Not more than 15% of the net issue is reserved for NIIs. This category is further divided into two sub-categories based on application sizes:
- One-third of the NII portion is reserved for investors bidding between ₹20 lakhs and ₹1 crore.
- Two-thirds is reserved for investors with bids exceeding ₹1 crore. Any unsubscribed portion in either sub-category can be reallocated to the other, ensuring flexibility in allotments.
Retail Individual Investors (RIIs): Retail investors will have up to 10% of the net issue reserved for them. Bids in this category are capped at ₹20 lakhs per investor, making it accessible to individual participants looking to invest in green energy.
Eligible Shareholders: Up to a specified portion of the issue will be reserved for NTPC shareholders, allowing them to participate in the IPO. Shareholders can bid for up to ₹20 lakhs worth of shares, with any bids exceeding this amount disqualifying them from participating in this reserved portion.
Employee Reservation: A portion of the issue is reserved for NTPC Green Energy employees, constituting up to 5% of the post-issue paid-up equity share capital. Employees can apply for shares up to ₹50 lakhs, with a discount to be offered on the issue price. Initially, bids up to ₹20 lakhs will be prioritized, with any unsubscribed portion being reallocated among employees for higher bids, up to the limit of ₹50 lakhs.

Book Building Process

The IPO follows a Book Building Process, where investors must place bids within a specified price band that will be determined closer to the issue date. The allocation of shares will be on a proportionate basis, based on the demand received from various investor categories.

With the focus on the fast-growing renewable energy sector, NTPC Green Energy is positioning itself as a key player in India’s green energy transition. The IPO presents an exciting opportunity for investors looking to participate in the renewable energy space while leveraging the credibility of NTPC as its promoter.

Listing and Issue Dates

The shares are expected to be listed on both the BSE and NSE, providing ample liquidity for investors. The final price, employee discount, and issue dates will be announced closer to the opening date.

NTPC shares surge 4% as NTPC Green Energy files for ₹10,000-crore IPO

Aditya Bhagchandani — Thu, 19 Sep 2024 04:22:55 +0000

NTPC shares rose by 4% on Wednesday after its subsidiary, NTPC Green Energy, filed draft papers for a ₹10,000 crore Initial Public Offering (IPO). The IPO will consist solely of a fresh issue, with no offer-for-sale component, and is expected to support India’s renewable energy goals.

The IPO aligns with the government’s aim to increase the country’s renewable energy capacity to 500 GW by 2030, from the current 200 GW.

As of 9:48 am, NTPC shares were trading 3.49% higher at ₹428.60 on the NSE.

Key IPO Details

The IPO size is targeted at ₹10,000 crore, entirely raised through a fresh issuance of equity shares with a face value of ₹10 each. A 10% portion will be reserved for retail investors, and there will also be a shareholders’ quota for NTPC Limited shareholders. Eligibility for the shareholders’ quota will be determined by the filing date of the Red Herring Prospectus (RHP).

Details	Amount/Information
Total IPO Size	₹10,000 crore (Fresh Issue)
Face Value of Each Equity Share	₹10
Retail Portion	10%
Shareholders Quota	Yes
Parent Company	NTPC Limited
Shareholders Eligibility Date	Date of filing RHP
Listing Exchanges	BSE and NSE
IPO Lead Managers	IDBI Capital, HDFC Bank, IIFL Securities, Nuvama Wealth Management
Expected Contribution to India’s Renewable Energy Capacity by 2030	500 GW (non-fossil fuel energy capacity)

IPO Management

The Book Running Lead Managers (BRLMs) for the issue include IDBI Capital Markets, HDFC Bank, IIFL Securities, and Nuvama Wealth Management. KFin Technologies Limited has been appointed as the registrar for the issue. The shares will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

NTPC Green Energy’s IPO is expected to play a crucial role in India’s renewable energy landscape, further strengthening the government’s goal of achieving 500 GW of non-fossil fuel energy capacity by 2030.