President of an India-backed Power Company Group Expands Green Energy Footprint with 210 MW COD at 1,200 MW Khavda-II Solar Project
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The stock is up by 22 per cent from its 52-week low of Rs 292.70 per share and has given multibagger returns of 298 per cent in 5 years.
NTPC Limited, along with its subsidiary NTPC Green Energy Limited (NGEL), has marked a key milestone in India’s renewable energy journey with the commencement of commercial operations of a part capacity at the Khavda-II Solar PV Project in Gujarat. Effective February 1, 2026, a capacity of 210 MW from the total planned 1,200 MW project has been declared commercially operational (COD).
The Khavda-II Solar PV Project is being implemented by NTPC Renewable Energy Limited, a step-down subsidiary of NTPC Limited through NGEL. Located in Gujarat’s Khavda region, the project is part of NTPC’s broader strategy to scale up clean energy generation and strengthen its position in the renewable power segment.
With the declaration of COD for this 210 MW capacity, the operational capacity metrics of the NTPC Group have seen a notable rise. The total installed capacity of the NTPC Group now stands at 87,665 MW, while its total commercial capacity has increased to 86,585 MW. This reflects the group’s steady progress in commissioning new assets and bringing them into active commercial operation.
The impact is equally significant for the NGEL Group. Following this development, NGEL’s total installed capacity has increased to 8,688.25 MW, and its commercial capacity now stands at 8,478.25 MW. This underscores NGEL’s growing role as the renewable energy arm of NTPC, focusing on solar, wind, and other green power projects across the country.
About the Company
NTPC Ltd, including its subsidiaries, associates, and Joint Ventures, primarily focuses on the generation and sale of bulk power to State power utilities, while also diversifying its operations into consultancy, project management, energy trading, oil and gas exploration, and coal mining. In line with its clean energy objectives, NTPC is now venturing into the nuclear energy sector, having established ASHVINI, a joint venture with Nuclear Power Corporation of India Ltd., specifically for the development of nuclear power projects.
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 37.4 per cent. The stock has a PE of 14x whereas the sectoral PE is 26x with an ROE of 12 per cent and an ROCE of 10 per cent. The stock is up by 22 per cent from its 52-week low of Rs 292.70 per share and has given multibagger returns of 298 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.