President of India-backed power company receives 100 MW (Lot-6) solar COD; Group capacity becomes 83,026 MW

DSIJ Intelligence-1 / 17 Sep 2025/ Categories: Mindshare, Trending

President of India-backed power company receives 100 MW (Lot-6) solar COD; Group capacity becomes 83,026 MW

The stock is down by 30 per cent from its 52-week high of Rs 155.30 per share while it is up by 28.5 per cent from its 52-week low of Rs 84.60 per share.

NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Ltd, has announced that a 100 MW solar capacity (Lot-6) has been declared on Commercial Operation Date (COD), effective from September 17, 2025. This 100 MW is part of a 500 MW plant owned by IRCON Renewable Power Limited (IRPL), a joint venture in which NGEL holds a stake. This commissioning increases the total installed and commercial capacity of the NTPC group to 83,026 MW, significantly boosting its renewable energy portfolio.

The new capacity declaration is for part of the plant at IRPL, which is a 24 per cent joint venture of Ayana Renewable Power Private Limited, a wholly-owned subsidiary of ONGC NTPC Green Private Limited, which itself is a 50 per cent joint venture of NGEL. With the addition of this 100 MW, the total commercial capacity of the NTPC Green Energy Limited Group has increased from 7,272.575 MW to 7,372.575 MW. This successful commissioning highlights the group's continued expansion in the renewable energy sector, contributing to India's clean energy goals.

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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.

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 30 per cent from its 52-week high of Rs 155.30 per share while it is up by 28.5 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.