- A 50:50 joint venture between NTPC Green Energy and GAIL has received board approval.
- NTPC Green Energy has reported strong profit growth and higher renewable capacity.
NTPC Green Energy Ltd has announced board approval for a joint venture with GAIL (India) Ltd to incorporate a new company. Both partners will hold equal stakes, reflecting shared ownership and aligned strategic goals. The move strengthens cooperation between two major public sector companies and supports the overall growth of India’s renewable energy sector.
The newly approved joint venture will focus on renewable energy projects across India. However, operations will begin only after statutory approvals. In particular, these include clearances from the Ministry of Power and DIPAM. Additionally, other regulatory approvals may also apply. Therefore, this approach emphasises compliance and long-term planning.
Meanwhile, NTPC Green Energy’s shares traded slightly lower on the National Stock Exchange. At around 11:52 a.m., the stock was down 0.32 per cent at ₹91.46. Previously, the closing price stood at ₹91.75. During the session, the stock touched a high of ₹92.40 and recorded a low of ₹90.90. In comparison, GAIL (India) Ltd’s shares remained flat, indicating a neutral market reaction to the announcement.
Alongside strategic progress, NTPC Green Energy reported strong financial results. For instance, the quarter ended September 2025 saw net profit rise sharply. Specifically, the company posted a year-on-year growth of 131.60 per cent. As a result, net profit stood at ₹88 crore for the quarter. By contrast, profit in the same quarter last year was ₹38 crore. Overall, the growth highlights better efficiency and portfolio expansion.
Earlier this month, in December, the company began commercial operations at its Khavda solar project in Gujarat. In this case, the project added 37.295 MW of solar capacity. Notably, it became operational on December 18, 2025. Following this addition, total commercial renewable capacity reached 7,889.35 MW.
NTPC Green Energy is a subsidiary of the state-owned NTPC. As such, it acts as the umbrella entity for NTPC’s green initiatives. Through steady expansion and partnerships, the company continues to support India’s clean energy transition.