President of India-backed power company inks MoU with V.O. Chidambaranar Port Authority

DSIJ Intelligence-1 / 08 Sep 2025/ Categories: Mindshare, Trending

President of India-backed power company inks MoU with V.O. Chidambaranar Port Authority

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, has signed a Memorandum of Understanding (MoU) with the V.O. Chidambaranar Port Authority (VOCPA) in Tuticorin, Tamil Nadu. The agreement's primary goal is to advance green energy technologies at the port, with a specific focus on green hydrogen mobility. This initiative aligns with broader efforts to decarbonise the port's operations and improve energy security.

As part of the MoU, NGEL will establish a green hydrogen fuelling station within the VOC Port. This station will provide fuel for new hydrogen-based Internal Combustion Engine trucks, which will be used for port operations. This move is designed to phase out fossil fuel-powered vehicles, introducing clean, green fuels into the port's transport system.

This project is not the first of its kind for NGEL and its parent company, NTPC. They have already implemented similar green hydrogen mobility initiatives in other locations, including Leh, Ladakh, and Kandla Port in Gujarat. NTPC has been successfully operating a green hydrogen blending project in Surat, Gujarat, for over two years. NGEL's long-term goal is to reach a renewable energy capacity of 60 GW by 2032, supported by robust energy storage solutions.

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.