The shares of the green energy company gained up to 2 percent after the company successfully commissioned, the second & last part capacity of 50 MW out of 105 MW Shajapur Solar Project (Unit-1).
Price Movement
With a market capitalization of Rs 82,333.67 crore, the shares of NTPC Green Energy Ltd were trading at Rs 97.71 per share, increasing around 0.98 percent as compared to the previous closing price of Rs 97.50 apiece.
Reason for Rise
According to the company filing, NTPC Green Energy Ltd successfully commissioned the second & last part capacity of 50 MW out of 105 MW Shajapur Solar Project (Unit-1) of NTPC Renewable Energy Limited, a subsidiary of NTPC Green Energy Limited, at Shajapur Solar Park, MP.
Financial Performance
Looking forward to the company’s financial performance, revenue increased by 0.1 percent from Rs 504 crore in Q2FY25 to Rs 505 crore in Q3Y25. During the same period, net profit magnified by 78 percent from Rs 37 crore to Rs 66 crore.
Portfolio
The company operates across multiple locations in over six states, reducing risks linked to location-specific generation variability. It focuses on developing utility-scale renewable energy projects and supplies power via long-term Power Purchase Agreements (PPAs) with government agencies and public utilities.
As of September 30, 2024, its portfolio includes 16,896 MW, comprising 3,320 MW of operational projects and 13,576 MW of contracted projects. With 9,175 MW under pipeline development, the total capacity reaches 26,071 MW. Solar and wind CUFs stand at 24.61% and 28.27%, respectively.
Supported by NTPC Limited, which targets 45-50 percent non-fossil capacity by 2032, the company benefits from a strong renewable energy focus. Over 95 percent of its revenue stems from renewable energy sales, reflecting its robust commitment to sustainable power generation.
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Operational Capacity
NGEL aims to expand its operational capacity from 3.3 GW in September 2024 to approximately 6 GW by FY25, with further increases projected to 11 GW by FY26 and 19 GW by FY27. This growth is supported by a robust pipeline of projects totaling around 25-26 GW, with substantial portions already under construction or in the tendering phase.
Industry Outlook
The renewable energy sector in India is experiencing rapid growth due to increasing demand for clean energy. NGEL’s strategic expansion into various segments like green hydrogen and battery storage enhances its competitive edge against peers such as Adani Green Energy.
Company Profile
NTPC Green Energy operates in the renewable energy domain and is a wholly-owned subsidiary of NTPC Limited. The company’s renewable energy assets include solar and wind power projects. These projects range from utility-scale renewable energy developments to ventures for public sector undertakings (PSUs) and Indian corporate entities.
Written by Abhishek Singh
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