NTPC Green Energy Limited is a wholly-owned subsidiary of NTPC Limited. NTPC Green is a renewable energy company that focuses on undertaking projects through organic and inorganic routes.

As of August 31, 2024, the company had an operational capacity of 3,071 MW from solar projects and 100 MW from wind projects across six states. The company has already commissioned 4 GW (4,013 MW) of such projects. This fiscal year, it will add another 3 GW. NGEL is building the biggest renewable energy project undertaken by any public sector undertaking to date in Khavda, a village in Gujarat’s Kutch district. It comprises two solar projects totalling 2.45 GW. In September, NGEL signed a joint venture agreement with Rajasthan Rajya Vidyut Utpadan Nigam Limited and Mahatma Phule Renewable Energy and Infrastructure Technology Limited for the development of 25 GW and 10 GW of renewable energy projects in Rajasthan and Maharashtra, respectively.

Next year (FY26), our RE capacity addition will be 5 GW. And the year next, it will be 8 GW. So, by FY27, our operational RE capacity will be 19.4 GW.

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• NTPC Green is promoted by NTPC Limited, which has a legacy of around five decades, is one of India’s largest power companies,  and  has  experience  in  operating  and  maintaining  power  stations
• As of September 30, 2024, our Portfolio consisted of 16,896 MWs including 3,320MWs operating projects and13,576MWs projects  contracted  and
• With strong parent support and diversified portfolio with long term PPA, the Company is able to maintain a healthy interest coverage ratio.
• The Company will be benefited from a strong balance sheet and AAA rating from CRISIL as of May 8, 2024. The management believes that its ability to leverage the NTPC Group’s outstanding credit and its long-term relationships with financial institutions will continue to provide us with access to a low cost of capital.
• Its senior management team led by the Board of Directors, have decades of experience in the Indian power industry.

• Investment in the wholly owned Subsidiary, NTPC Renewable Energy Limited (NREL), for repayment/ prepayment, in full or in part of certain outstanding borrowings availed by NREL
• General corporate purpose.

The company is one of the leading renewable power generating PSU having solar and wind power generation assets. It is also adding hydroelectric assets and giving thrust of power storage plans. Though the company posted net profits for the reported financial periods, based on FY25 annualized earnings, the IPO is aggressively priced. Investors may park moderate funds for long term, as this is a pure long term bet.