New Delhi: NTPC Green Energy Limited (NGEL), the renewable energy subsidiary of NTPC Ltd, reported a strong 59 percent year-on-year rise in its consolidated net profit for the first quarter of the financial year 2025-26. The net profit soared to Rs 220.48 crore for the April-June quarter, buoyed by a significant increase in total income.
During the quarter, NGEL’s total income rose by 24 percent to Rs 751.69 crore, compared to Rs 607.43 crore in the same period last year. Total expenses also increased to Rs 492.55 crore from Rs 423.99 crore in Q1 FY25, reflecting higher operational activities.
Driving India’s Renewable Energy Ambitions
NGEL acts as the umbrella company for all green energy initiatives under NTPC, playing a crucial role in the parent company’s ambitious plan to reach 60 GW of renewable energy capacity by FY 2031-32. The company is aggressively pursuing projects through both organic growth and acquisitions, supporting India’s ongoing clean energy transition.
Successful IPO Fuels Expansion
In the previous financial year, NGEL completed a successful Initial Public Offering (IPO), raising Rs 10,000 crore through the issuance of over 92.63 crore equity shares. The company’s shares were listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on November 27, 2024, providing a strong capital base to accelerate renewable energy projects.
About NTPC Green Energy Limited (NGEL)
NTPC Green Energy Limited (NGEL) is a wholly owned subsidiary of NTPC Ltd, India’s largest power utility. NGEL is focused on developing and operating clean energy projects including solar, wind, green hydrogen, and battery storage systems. It plays a vital role in supporting India’s goal of achieving 500 GW of non-fossil fuel capacity by 2030 and aims to become a major force in the country’s energy transition.
