NTPC Green Energy Limited (NGEL), the renewable energy arm of NTPC Ltd, reported a stellar financial performance for the March 2025 quarter (Q4FY25), with its consolidated net profit surging nearly threefold to ₹233.21 crore, compared to ₹80.95 crore in the same period of the previous financial year. The profit growth was driven by a significant rise in income and operational momentum across its clean energy portfolio.
In its filing to the stock exchanges, the company stated that total income rose to ₹751.50 crore, up from ₹553.06 crore in Q4FY24. Expenses for the quarter stood at ₹444.63 crore, slightly higher than ₹425.84 crore in the year-ago period, reflecting efficient cost management even as revenues expanded.
The company achieved a major strategic milestone during FY25 by completing its much-anticipated Initial Public Offering (IPO). The offering consisted of a fresh issue of 92,63,29,669 equity shares with a face value of ₹10 each. These shares were issued at an issue price of ₹108 per share, with a portion — 87,20,910 shares — allocated to eligible employees at a discounted rate of ₹103 per share.
The IPO proceeds are expected to bolster NGEL’s capital position and support its expansion into large-scale solar, wind, and green hydrogen projects, in line with NTPC’s broader decarbonisation roadmap.
NGEL’s strong Q4 results and successful market debut underscore growing investor confidence in India’s renewable energy transition and the company’s central role in it.
About NTPC Green Energy Limited
NTPC Green Energy Limited (NGEL) is a wholly-owned subsidiary of NTPC Limited, India’s largest power utility, focused on renewable energy and was founded in 1975. NGEL’s mission is to accelerate NTPC’s renewable energy growth and expand its green footprint across India and internationally. NGEL aims to contribute significantly to NTPC’s broader goal of achieving 60 GW of renewable energy capacity by 2032.
