NTPC Green Energy Signs MoU with ENEOS Corporation of Japan to Boost Green Hydrogen Initiatives

NTPC Green Energy Limited, a subsidiary of NTPC Limited, signed a Memorandum of Understanding (MoU) with Japan’s ENEOS Corporation (ENEOS) on October 10, 2025. The exchange of the MoU took place at the World Expo 2025 in Osaka, Japan.

The primary objective of the MoU is to explore the possibility of entering into a definitive agreement under which NGEL will supply Green Methanol and Green Hydrogen derivative products to ENEOS. This partnership aims to combine NGEL’s renewable energy initiatives with ENEOS’s demand for hydrogen-based products.

The collaboration is anchored around NGEL’s Green Hydrogen Hub at Pudimadaka, Andhra Pradesh. Spread over 1,200 acres, this hub is being developed as an integrated facility for the production and export of green chemicals. The initiative is expected to play a key role in India’s decarbonization efforts.

This MoU aligns with NGEL’s larger corporate target of achieving a 60 GW renewable energy portfolio by 2032. By supplying green hydrogen derivatives to international partners, NGEL aims to strengthen its position in the global green energy market and support sustainable energy transitions.

About the Company

NTPC Ltd., India's largest integrated power utility, plays a crucial role in meeting the nation's energy demands, contributing one-fourth of the total power requirements. With an installed capacity exceeding 77 GW and an additional 29.5 GW under Construction, including a significant 9.6 GW from renewable sources, NTPC is committed to sustainable growth. The company aims to achieve 60 GW of renewable energy capacity by 2032, demonstrating its dedication to clean energy. Boasting a diverse portfolio encompassing thermal, hydro, Solar, and wind power plants, NTPC ensures a reliable and affordable electricity supply to the nation. By embracing best practices, fostering innovation, and adopting clean energy technologies, NTPC is paving the way for a greener future.

The President of India owns the majority of the stake (51.10 per cent). Talking about the financials, NTPC Ltd has a market cap of over Rs 3 lakh crore.  The company has been maintaining a healthy dividend payout of 40 per cent. The stock has a PE of 13x whereas the sectoral PE is 28x with an ROE of 12 per cent and an ROCE of 12 per cent. The stock is up by 16 per cent from its 52-week low of and gave multibagger returns of 284 per cent in 5 years. 

Disclaimer: The article is for informational purposes only and not investment advice.