Renewable Energy Company Signs Green Ammonia Supply Agreement with Solar Energy Corporation of India Limited

In the previous trading session, NTPC Green Energy's share price declined 2.88 per cent and closed at Rs 92.32, as the company announced that its wholly owned subsidiary, NTPC Renewable Energy Limited, has signed a Green Ammonia Purchase Agreement with Solar Energy Corporation of India Limited. 

Before understanding the main development, it is important to understand green ammonia. It is produced using green hydrogen generated from renewable energy sources, making the process free from carbon emissions. Unlike conventional ammonia, which relies on natural gas, green ammonia is a cleaner alternative with applications in fertilisers, shipping fuel, and energy storage. India is also focusing on it under the National Green Hydrogen Mission as part of its decarbonisation strategy.

NTPC REL Signs GAPA With SECI for 70,000 MTPA Green Ammonia Supply

NTPC Renewable Energy, a wholly owned subsidiary of NTPC Green Energy Limited, has executed a Green Ammonia Purchase Agreement with Solar Energy Corporation of India Limited on March 30, 2026. The agreement has been signed under the SIGHT Scheme of the National Green Hydrogen Mission of the Government of India. Under this agreement, NTPC REL will supply 70,000 metric tonnes per annum of Green Ammonia to Krishna Phoschem Limited, located at Meghnagar, Madhya Pradesh, for which Solar Energy Corporation of India serves as the intermediary procurer.

About NTPC Green Energy

NTPC Green Energy Limited is a wholly owned subsidiary of NTPC Limited and is the largest renewable energy public sector enterprise in India, excluding hydro. The company develops, constructs and operates renewable energy projects spanning solar and wind, supported by long-term Power Purchase Agreements. As of March 2026, the company's total installed capacity stands at approximately 9,907 MW. NTPC Green Energy is also expanding into green hydrogen and green ammonia, aligning with India's decarbonisation goals under the National Green Hydrogen Mission.

NTPC Green Energy Ltd has a market capitalisation of Rs 77,792 crore and a book value of Rs 22.2 per share. The company has reported an improvement in operational efficiency, with debtor days declining significantly from 306 days to 85 days. In terms of stock performance, the share price has declined by 6.85 per cent over the past year, compared to a 2.54 per cent gain in the Nifty Midcap 100 index over the same period.

Share your thoughts in the comments below.
Disclaimer: The article is for informational purposes only and not investment advice.