President of India-backed power company announces commercial operations for major solar and wind projects in Gujarat

DSIJ Intelligence-1 / 20 Aug 2025/ Categories: Mindshare, Trending

The stock is down by 32 per cent from its 52-week high of Rs 155.30 per share while it is up by 25 per cent from its 52-week low of Rs 84.60 per share.

NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has announced the commercial operation of two significant renewable energy projects in Gujarat, in compliance with SEBI Listing Regulations. As of August 20, 2025, the fourth phase of the Khavda-I Solar PV Project, adding 212.5 MW to the 1255 MW capacity, has commenced operations. This project is under NTPC Renewable Energy Limited, a wholly-owned subsidiary of NTPC Green Energy Limited, and is part of the CPSU scheme Phase-II Tranche-III.

Additionally, a part capacity of 52.8 MW of wind power from a 100 MW Hybrid project in Gujarat has been declared commercially operational as of August 21, 2025. This hybrid project, which also includes 37.5 MW of solar capacity, is managed by Ayana Renewable Power Four Private Limited, a subsidiary of Ayana Renewable Power Pvt. Ltd., which itself is a wholly-owned subsidiary of the joint venture ONGC NTPC Green Private.

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About the Company

NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited and a key player in India's renewable energy sector, is actively driving the nation's sustainable energy transition. Incorporated in 2022, NGEL focuses on developing, constructing, and operating solar and wind energy projects across the country. NTPC group's total installed and commercial capacity to 76,530.68 MW. Furthermore, NGEL has forged a strategic partnership with Chhattisgarh State Power Generation Company Limited to develop up to 2,000 MW of renewable energy projects, including innovative floating solar solutions, reinforcing their commitment to a greener future.

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According to Quarterly Results, the net sales increased by 18 per cent to Rs 680 crore and net profit increased by 58 per cent to Rs 220 crore in Q1FY26 compared to Q1FY25. In its annual results, the net sales increased by 13 per cent to Rs 2,210 crore and net profit increased by 37 per cent to Rs 474 crore in FY25 compared to FY24.

The company has a market cap of over Rs 88,000 crore and debtor days have improved from 306 to 85.3 days. The shares of the company have a PE of 200x, an ROE of 4 per cent and an ROCE of 5 per cent. The stock is down by 32 per cent from its 52-week high of Rs 155.30 per share while it is up by 25 per cent from its 52-week low of Rs 84.60 per share.

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