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NTPC Green Energy Commissions 270 MW Solar Capacity at Khavda-II Project
NTPC Green Energy's subsidiary, NTPC Renewable Energy Limited, has declared the commercial operation of a 270 MW solar capacity in Gujarat. This represents the third part of the larger 1200 MW Khavda-II Solar PV Project. Following this addition, the total installed capacity of the NTPC Green Energy Group has increased to 9562.68 MW. This operational milestone is expected to contribute to the company's revenue stream starting from March 11, 2026.
Key Highlights
Commissioned 270 MW solar capacity out of the 1200 MW Khavda-II Solar PV Project in Gujarat
Commercial operation effective from 00:00 hrs on March 11, 2026
Total installed capacity of NTPC Green Energy Group increased to 9562.68 MW from 9292.68 MW
Project executed through wholly owned subsidiary NTPC Renewable Energy Limited
💼 Action for Investors
Investors should maintain a positive outlook as the company continues to scale its operational capacity towards its long-term green energy targets. Monitor the execution timelines for the remaining capacity of the Khavda project.
NTPC Green Energy Group Capacity Reaches 9,292 MW with 91.6 MW Solar Project Commissioning
NTPC Green Energy Limited (NGEL) has successfully declared the commercial operation of a 91.6 MW solar capacity in Andhra Pradesh, effective February 27, 2026. This capacity belongs to Ayana Kadapa Renewable Power, a subsidiary under the ONGC NTPC Green Private Limited joint venture. With this addition, the total installed capacity of the NGEL Group has increased to 9,292.68 MW. This commissioning completes the 250 MW Solar PV Project, following the previous operationalization of 158.4 MW.
Key Highlights
Commissioned 91.6 MW solar capacity in Andhra Pradesh through JV ONGC NTPC Green Private Limited
Total installed capacity of NTPC Green Energy Limited Group increased to 9,292.68 MW
The 91.6 MW unit completes the 250 MW Solar PV Project following the first part of 158.4 MW
Commercial operation date (COD) for this capacity is effective from February 27, 2026
💼 Action for Investors
Investors should view this as a positive development as it marks the completion of a major project and contributes to immediate revenue generation. Monitor the company's progress toward its long-term renewable energy targets and future JV project timelines.
NTPC Green Energy Commissions 50 MW Part Capacity of Dayapar Wind Project
NTPC Green Energy Limited has announced the commercial operation of a 50 MW portion of its 200 MW Dayapar Wind Energy Project Phase-II in Gujarat. This project is managed by its wholly-owned subsidiary, NTPC Renewable Energy Limited, and became operational on February 26, 2026. With this addition, the group's total installed capacity has increased to 9201.08 MW from 9151.08 MW. This incremental capacity addition aligns with the company's aggressive growth strategy in the renewable energy sector.
Key Highlights
Commissioned 50 MW out of the total 200 MW Dayapar Wind Energy Project Phase-II in Gujarat.
The project is executed through the wholly-owned subsidiary, NTPC Renewable Energy Limited.
Total installed capacity of NTPC Green Energy Group increased to 9201.08 MW.
Commercial operation effective from 00:00 hrs on February 26, 2026.
💼 Action for Investors
Investors should view this as a positive step in the company's capacity ramp-up, which will contribute to future revenue growth. Monitor the progress of the remaining 150 MW of the Dayapar project.
NTPC Green Energy Commissions 158.4 MW Solar Capacity in Andhra Pradesh
NTPC Green Energy Limited has successfully declared the commercial operation of 158.4 MW solar capacity in Andhra Pradesh, effective February 14, 2026. This capacity is part of a larger 250 MW Solar PV Project under its joint venture, ONGC NTPC Green Private Limited. With this addition, the group's total installed capacity has increased to 9151.08 MW. This move signifies steady progress in the company's renewable energy portfolio and revenue-generating asset base.
Key Highlights
Commissioned 158.4 MW out of a 250 MW Solar PV Project in Andhra Pradesh
Total installed capacity of NTPC Green Energy Group rises to 9,151.08 MW
Project executed via subsidiary of ONGC NTPC Green Private Limited joint venture
Commercial operation officially commenced effective from February 14, 2026
Current commercial capacity of the group stands at 8,992.68 MW
💼 Action for Investors
Investors should maintain a positive outlook as the company continues to operationalize its pipeline, contributing to top-line growth. Monitor the commissioning of the remaining 91.6 MW capacity of this project.
NTPC Green Energy Commissions 165 MW Solar Capacity at Khavda-II Project
NTPC Green Energy Limited has successfully declared the commercial operation of 165 MW solar capacity at its Khavda-II Solar PV Project in Gujarat. This capacity is a significant part of the larger 1200 MW project being developed by its wholly owned subsidiary, NTPC Renewable Energy Limited. Following this addition, the group's total installed capacity has reached 8992.68 MW. This expansion directly contributes to the company's operational revenue stream and reinforces its growth trajectory in the renewable sector.
Key Highlights
Commissioned 165 MW solar capacity at the Khavda-II Solar PV Project in Gujarat effective February 20, 2026.
Total group installed capacity increased to 8,992.68 MW following this commissioning.
Group commercial capacity now stands at 8,827.68 MW.
The project is part of a larger 1,200 MW solar development by subsidiary NTPC Renewable Energy Limited.
💼 Action for Investors
Investors should maintain a positive outlook as the company continues to scale its operational capacity towards its long-term green energy goals. Monitor the execution timelines of the remaining 1,035 MW at the Khavda-II site for further valuation re-rating.
NTPC Green Declares Commercial Operation of 14.43 MW Solar Capacity at Khavda-I Project
NTPC Green Energy Limited (NGEL) has successfully declared the commercial operation of a 14.43 MW segment of its Khavda-I Solar PV Project in Gujarat. This capacity is part of a larger 1255 MW project being executed by its subsidiary, NTPC Renewable Energy Limited. Following this addition, the total installed capacity of the NGEL Group has increased to 8,827.68 MW. This move signifies steady execution of the company's renewable energy pipeline and contributes to its long-term growth targets.
Key Highlights
Commissioned 14.43 MW capacity as the eleventh part of the 1255 MW Khavda-I Solar PV Project.
Total group installed capacity increased from 8813.25 MW to 8827.68 MW.
Project is located in Gujarat and developed under the CPSU scheme Phase-II Tranche-III.
Commercial operation is effective from February 10, 2026.
The project is managed by NTPC Renewable Energy Limited, a wholly owned subsidiary of NGEL.
💼 Action for Investors
Investors should maintain a positive outlook as the company continues to incrementally commission its massive renewable energy pipeline. Monitor the execution speed of the remaining capacity at the Khavda site as a key indicator of near-term revenue growth.
NTPC Green Energy Commissions 125 MW Solar Capacity at Bhadla Project, Rajasthan
NTPC Green Energy Limited has successfully declared the commercial operation of a 125 MW solar capacity at its Bhadla Solar PV Project in Rajasthan. This is the second part of a larger 500 MW project being developed by its wholly-owned subsidiary, NTPC Renewable Energy Limited. With this addition, the total installed capacity of the NTPC Green Energy Group has increased to 8,813.25 MW. The operation became effective on January 31, 2026, marking a significant step in the company's renewable energy expansion and revenue generation potential.
Key Highlights
Commissioned 125 MW out of the 500 MW Bhadla Solar PV Project in Rajasthan
Commercial operations commenced effective from January 31, 2026
Total group installed capacity increased to 8,813.25 MW from 8,688.25 MW
Project executed via wholly-owned subsidiary NTPC Renewable Energy Limited
💼 Action for Investors
Investors should view this as a positive development that strengthens the company's operational base and revenue visibility. Maintain a positive outlook as the company continues to scale its renewable portfolio towards its long-term targets.
NTPC Green Energy Signs MoU with Assago Industries for 1000 TPD Green Urea Plant
NTPC Green Energy Limited (NGEL) has entered into a Memorandum of Understanding with Assago Industries Private Limited for the supply of Green Ammonia, CO2, and Renewable Energy. These utilities will support Assago's proposed Green Urea plant with a production capacity of 1,000 Tons Per Day (TPD). The facility is planned to be established within NGEL's Green Hydrogen Hub at Pudimadaka, Andhra Pradesh. This move underscores NGEL's strategy to monetize its green hydrogen infrastructure through industrial partnerships.
Key Highlights
MoU signed with Assago Industries for supply of Green Ammonia, CO2, and RE Power
Supports the production of 1,000 TPD (Tons Per Day) of Green Urea
Project to be located at NGEL's Green Hydrogen Hub in Pudimadaka, Andhra Pradesh
Strengthens NGEL's position as a key utility provider in the green energy ecosystem
💼 Action for Investors
Investors should view this as a positive step toward the commercialization of NGEL's green hydrogen hubs. Monitor for further definitive agreements and project timelines at the Pudimadaka site.
NTPC Green Energy Commissions 210 MW Solar Capacity at Khavda-II Project
NTPC Green Energy Limited (NGEL) has announced the commercial operation of a 210 MW solar capacity in Gujarat, marking the first phase of the 1200 MW Khavda-II Solar PV Project. This addition is being executed through its wholly-owned subsidiary, NTPC Renewable Energy Limited, and is effective from February 1, 2026. Following this commissioning, the total installed capacity of the NGEL Group has increased to 8,688.25 MW. This development reflects the company's steady execution of its renewable energy pipeline and enhances its revenue-generating asset base.
Key Highlights
Commissioned 210 MW capacity out of the total 1200 MW Khavda-II Solar PV Project in Gujarat
Total group installed capacity increased to 8,688.25 MW from 8,478.25 MW
Commercial operation scheduled to commence from 00:00 hrs on February 1, 2026
Project executed via wholly-owned subsidiary NTPC Renewable Energy Limited
💼 Action for Investors
Investors should maintain a positive outlook as the company successfully transitions under-construction projects into revenue-generating assets. Monitor the timeline for the remaining 990 MW capacity at the Khavda site for further growth triggers.
NTPC Green Q3 PAT Drops 32.6% YoY to ₹60.27 Cr; Operating Margins Contract to 52.17%
NTPC Green Energy reported a weak set of numbers for Q3 FY26, with Profit After Tax (PAT) declining 32.6% YoY to ₹60.27 crore. Revenue from operations saw a marginal decline to ₹446.81 crore compared to ₹460.86 crore in the same period last year. The company's profitability was impacted by a sharp contraction in operating margins, which fell to 52.17% from 62.21% YoY, and a reduction in interest income as IPO proceeds were fully utilized. To support future growth, the company successfully raised ₹1,500 crore through non-convertible debentures during the quarter.
Key Highlights
Net Profit (PAT) declined by 32.6% YoY to ₹60.27 crore from ₹89.42 crore.
Revenue from operations decreased by 3% YoY to ₹446.81 crore.
Operating margin contracted significantly to 52.17% from 62.21% in the previous year's quarter.
Issued ₹1,500 crore of non-convertible debentures (NCDs) in November 2025 for capital expenditure.
Other income fell to ₹26.89 crore from ₹70.35 crore YoY as interest on IPO proceeds ceased.
💼 Action for Investors
The results indicate a slowdown in profitability and margin pressure as the company transitions to a debt-funded growth phase. Investors should remain cautious and monitor the execution timeline of upcoming renewable projects to offset the rising finance costs.
NTPC Green Energy Commissions 130.47 MW Solar Capacity at Khavda-I Project
NTPC Green Energy Limited has declared the commercial operation of a 130.47 MW solar capacity at its Khavda-I project in Gujarat, effective January 29, 2026. This capacity is the tenth part of a larger 1255 MW project being executed by its wholly-owned subsidiary, NTPC Renewable Energy Limited. Following this addition, the group's total installed capacity has risen to 8478.25 MW. The current commercial capacity for the group now stands at 8347.78 MW, marking steady progress in its renewable energy targets.
Key Highlights
130.47 MW solar capacity commissioned at Khavda-I Solar PV Project in Gujarat
Total group installed capacity increased to 8478.25 MW
Group commercial capacity reaches 8347.78 MW following this addition
Project is part of the CPSU scheme Phase-II Tranche-III
💼 Action for Investors
Investors should remain positive as the company continues to operationalize its large renewable pipeline, enhancing revenue potential. Track the commissioning of the remaining portion of the 1255 MW Khavda project.
NTPC Green Energy Signs MoU with UP Govt for RE and Green Hydrogen Projects
NTPC Green Energy Limited (NGEL) has signed a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh for the development of Renewable Energy and Green Hydrogen projects. The agreement was finalized on January 22, 2026, during the World Economic Forum Annual Meeting in Davos. This partnership involves key state agencies, Invest UP and UPSIDA, to facilitate large-scale green energy infrastructure. While specific capacity and investment figures were not disclosed, this move significantly strengthens NGEL's project pipeline in a key Indian state.
Key Highlights
MoU signed with UP Government for Renewable Energy and Green Hydrogen development.
Agreement executed during the World Economic Forum Annual Meeting in Davos on Jan 22, 2026.
Collaboration involves Invest UP and UPSIDA to streamline project implementation.
Strategic expansion of NGEL's footprint in India's most populous state to meet green energy targets.
💼 Action for Investors
Investors should view this as a positive long-term growth driver for NGEL's portfolio. Monitor future disclosures for specific project capacities and capital expenditure details related to this MoU.
NTPC Green Energy Approves 50:50 Joint Venture with GAIL for Renewable Projects
NTPC Green Energy Limited (NGEL) has received board approval to enter into a 50:50 Joint Venture Agreement with GAIL (India) Limited to develop renewable energy projects. This strategic partnership between two major PSUs is intended to accelerate green energy capacity additions, though it remains subject to approvals from the Ministry of Power and DIPAM. Additionally, the company has commenced commercial operations for 37.5 MW of a 150 MW solar project in Gujarat, indicating steady progress in its existing project pipeline.
Key Highlights
Board approved a 50:50 Joint Venture Company (JVC) with GAIL (India) Limited for Renewable Energy Projects.
Formation of the JVC is subject to statutory approvals from the Ministry of Power and DIPAM.
Commercial operation of 37.5 MW solar capacity out of a 150 MW project in Gujarat has been achieved.
The Gujarat project is part of Ayana Renewable Power Four Private Limited's installed capacity.
💼 Action for Investors
Investors should monitor the timeline for regulatory approvals for the GAIL JV, as it significantly expands NGEL's project execution framework. The steady commissioning of solar capacity in Gujarat reinforces the company's operational growth trajectory.
NTPC Green Energy and GAIL to Form 50:50 Joint Venture for Renewable Energy Projects
NTPC Green Energy Limited (NGEL) has received board approval to enter into a 50:50 Joint Venture Agreement with GAIL (India) Limited. The proposed Joint Venture Company (JVC) will focus on developing and undertaking Renewable Energy Projects. The formation of this entity is subject to necessary approvals from the Ministry of Power, DIPAM, and other statutory authorities. This partnership aligns with NGEL's aggressive expansion strategy in the green energy sector by leveraging the strengths of two major Public Sector Undertakings.
Key Highlights
Board approved a 50:50 Joint Venture Company (JVC) with GAIL (India) Limited on January 15, 2026.
The JVC is dedicated to undertaking various Renewable Energy Projects across the country.
Formation is contingent upon regulatory clearances from the Ministry of Power and DIPAM.
Detailed disclosures as per SEBI Master Circular will be provided in due course.
The move strengthens NGEL's position in the competitive renewable energy market through strategic collaboration.
💼 Action for Investors
Investors should view this as a strategic positive for long-term growth, as it pools resources from two PSU giants. Monitor for final regulatory approvals and specific project pipeline announcements under this new venture.
NTPC Green Energy Commissions 300 MW Solar Capacity; Total Group Capacity Reaches 8,310 MW
NTPC Green Energy Limited (NGEL) has declared the commercial operation of a 300 MW capacity at its Bhadla Solar PV Project in Rajasthan. This capacity is part of a larger 500 MW project managed by its subsidiary, NTPC Renewable Energy Limited. Following this addition, the total installed capacity of the NGEL Group has reached 8,310.28 MW. The commissioning is effective from January 13, 2026, following certifications from SECI and RRECL.
Key Highlights
Commissioned 300 MW out of 500 MW Bhadla Solar PV Project in Phalodi, Rajasthan
Total group installed capacity increased to 8,310.28 MW from 8,010.28 MW
Commercial operation effective from January 13, 2026
Project executed through wholly-owned subsidiary NTPC Renewable Energy Limited
💼 Action for Investors
This capacity addition strengthens NGEL's revenue base and demonstrates strong execution capabilities in the renewable sector. Investors should remain positive as the company continues to scale its portfolio toward its long-term targets.
NTPC Green Energy Commissions 13.98 MW Solar Capacity at Khavda-I Project
NTPC Green Energy Limited (NGEL) has declared the commercial operation of a 13.98 MW portion of its 1255 MW Khavda-I Solar PV Project in Gujarat. This addition was executed through its wholly-owned subsidiary, NTPC Renewable Energy Limited, under the CPSU scheme. With this commissioning, the total installed capacity of the NGEL Group has reached 8,010.28 MW. This incremental addition reflects the company's steady progress in operationalizing its large-scale renewable energy pipeline.
Key Highlights
Commercial operation of 13.98 MW ninth part capacity of the Khavda-I Solar PV Project.
The project is located in Gujarat and is part of a larger 1255 MW development.
Total installed capacity of the NGEL Group has increased to 8,010.28 MW.
Current commercial capacity of the group now stands at 7,996.30 MW.
Project executed under the CPSU scheme Phase-II Tranche-III.
💼 Action for Investors
Investors should take note of the steady capacity additions which will contribute to incremental revenue growth. Monitor the execution timeline for the remaining capacity of the 1255 MW Khavda project as a key performance indicator.
NTPC Green Energy Commissions 69.04 MW Solar Capacity at Khavda-I Project
NTPC Green Energy Limited has successfully declared the commercial operation of a 69.04 MW solar capacity at its Khavda-I Solar PV Project in Gujarat. This addition marks the eighth part of the larger 1,255 MW project being executed by its wholly-owned subsidiary, NTPC Renewable Energy Limited. With this commissioning, the total installed capacity of the NGEL Group has increased to 7,996.30 MW. The project is part of the CPSU scheme Phase-II Tranche-III, contributing to the company's long-term renewable energy targets.
Key Highlights
Commissioned 69.04 MW solar capacity as part of the 1,255 MW Khavda-I Solar PV Project in Gujarat.
Total group installed capacity increased to 7,996.30 MW from 7,927.26 MW.
Commercial operation is effective from December 25, 2025.
Project executed by wholly-owned subsidiary NTPC Renewable Energy Limited under the CPSU scheme.
💼 Action for Investors
Investors should note the steady execution of the company's renewable pipeline, which enhances revenue visibility. Maintain a positive outlook as the company continues to scale its installed base toward its green energy goals.
NTPC Green Energy Commissions 243.66 MW Solar Capacity at Khavda-I Project
NTPC Green Energy Limited (NGEL) has declared the commercial operation of a 243.66 MW portion of its 1,255 MW Khavda-I Solar PV Project in Gujarat. This capacity addition was executed through its wholly-owned subsidiary, NTPC Renewable Energy Limited, effective from December 17, 2025. With this commissioning, the group's total commercial capacity has reached 7,645.675 MW. This development marks a significant step in the company's operational scaling and revenue-generating asset base.
Key Highlights
Commissioned 243.66 MW as the seventh part of the 1,255 MW Khavda-I Solar PV Project in Gujarat
Total commercial capacity of the NGEL Group increased to 7,645.675 MW
Total installed capacity of the NGEL Group rose to 7,889.335 MW
Project developed under the CPSU Scheme Phase-II Tranche-III
Commercial operation effective from 00:00 hrs on December 17, 2025
💼 Action for Investors
Investors should maintain a positive outlook as the company demonstrates steady execution of its renewable energy pipeline. The incremental capacity addition will contribute directly to the top-line growth in the upcoming quarters.
NTPC Green Energy Commissions 6.6 MW Wind Capacity; Total Group Capacity Reaches 7,645.675 MW
NTPC Green Energy Limited (NGEL) has announced the commercial operation of a 6.6 MW wind power component in Bhuj, Gujarat, effective December 11, 2025. This capacity is part of a larger 100 MW Hybrid Project under its joint venture, ONGC NTPC Green Private Limited. The addition brings the total installed capacity of the NGEL Group to 7,645.675 MW. This move signifies steady progress in the company's renewable energy expansion strategy through its various subsidiaries and joint ventures.
Key Highlights
6.6 MW wind capacity commissioned as part of a 100 MW Hybrid Project in Bhuj, Gujarat.
Total group installed capacity increased to 7,645.675 MW from 7,639.075 MW.
Commercial operation date (COD) for this capacity is set for December 11, 2025.
Project managed through subsidiary Ayana Renewable Power under the ONGC NTPC Green JV.
💼 Action for Investors
Investors should maintain a positive outlook as the company continues to scale its operational portfolio. Track the execution timeline of the remaining hybrid project capacity to assess near-term revenue potential.
NTPC Green Forms 74:26 JV with CSPGCL to Develop 2 GW Renewable Projects
NTPC Green Energy Limited (NGEL) has officially incorporated a new subsidiary, Chhattisgarh NTPC Green Energy Limited, on December 5, 2025. This entity is a joint venture with Chhattisgarh State Power Generation Company Limited (CSPGCL), where NGEL holds a controlling 74% stake. The JV is tasked with developing renewable energy projects including solar, wind, and hybrid plants with a total capacity of up to 2 GW. This move aligns with NGEL's strategy to scale its green energy portfolio through state-level partnerships.
Key Highlights
Incorporated 'Chhattisgarh NTPC Green Energy Limited' as a 74:26 JV between NGEL and CSPGCL
Targeting development of Solar, Wind, and Hybrid projects with up to 2 GW capacity
NGEL subscribed to 74,000 equity shares at a face value of ₹10 each as initial capital
Mandate includes identification of reservoirs for Floating Solar Projects and UMREPP development
Received regulatory concurrence from DIPAM on April 23, 2025, for the formation
💼 Action for Investors
Investors should monitor this as a key growth driver for NGEL's long-term capacity targets. The partnership with a state-owned utility provides a clear pathway for land acquisition and power off-take agreements.