New Delhi: State-owned power major NTPC Limited has announced the incorporation of a wholly owned subsidiary, NTPC (Mauritius) Energy Limited, in Mauritius on June 26, 2026. The company informed the stock exchanges under Regulation 30 of SEBI (LODR) Regulations, 2015.
The disclosure was made to both BSE (Scrip Code: 532555) and NSE (Symbol: NTPC), confirming its strategic move toward international renewable energy expansion.
Purpose of the New Mauritius Subsidiary
The newly formed subsidiary will focus on developing a Floating Solar Photovoltaic (FSPV) project integrated with Battery Energy Storage System (BESS) in Mauritius.
In addition to this flagship project, the entity will also undertake:
- Power generation projects
- Renewable energy developments
- Other related businesses in the power sector
The initiative aligns with NTPC’s broader strategy to expand clean energy operations in international markets, especially in island nations with limited land availability.
Capital Investment and Ownership Structure
The subsidiary has been incorporated with an initial capital of MUR 10,00,000 (One Million Mauritius Rupee), which is approximately ₹19.8 lakh at an exchange rate of MUR 1 = INR 1.98.
Key highlights include:
- NTPC holds 100% ownership of the subsidiary
- Investment will be made in cash
- Fully controlled overseas entity for renewable expansion
Regulatory Approvals Secured
The incorporation has received necessary approvals from:
- Ministry of Power
- Department of Investment and Public Asset Management (DIPAM)
- Registrar of Companies, Mauritius
These approvals ensure compliance with both Indian and international regulatory frameworks.
NTPC’s Global Renewable Energy Strategy
This development follows NTPC’s earlier communication dated December 23, 2025, where the company outlined its plans for global expansion in the renewable energy segment.
The Floating Solar Photovoltaic (FSPV) technology combined with Battery Energy Storage System (BESS) is considered a next-generation clean energy solution. It is particularly suitable for countries like Mauritius where land availability is limited but solar potential is high.
About NTPC Limited
NTPC Limited is India’s largest power utility and a Maharatna public sector enterprise. It plays a crucial role in electricity generation and energy security, contributing nearly one-fourth of the country’s total power output. The company operates across thermal, hydro, solar, and wind energy segments, making it a key driver of India’s evolving energy landscape.
