NTPC Green Energy share price edges higher despite weak bias in Indian stock market; here's why
NTPC Green shares have witnessed significant fall over 12 per cent in last one year and nearly 17 per cent in six months.
NTPC Green Energy shares gained after the company said that it has successfully commissioned third and last part capacity of 120 MW out of 220 MW Shajapur Solar Project (Unit-II) of NTPC Renewable Energy Limited.
' We wish to inform you that consequent upon successful commissioning, third and last part capacity of 120 MW out of 220 MW Shajapur Solar Project (Unit-II) of NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Green Energy Limited at Shajapur, M.P, is declared on Commercial Operation w.e.f. 00:00 Hrs. of 29.06.2025,' the company said in an exchange filing dated June 28.
On June 27, the company had informed the exchanges of successful commissioning of the first part capacity of 142.2 MW out of 300 MW Khavda Solar Energy Project of NTPC Renewable Energy Limited and the second part capacity of 146.7 MW out of 1255 MW Khavda-I Solar PV Project of NTPC Renewable Energy Limited.
' We wish to inform you that consequent upon successful commissioning: the first part capacity of 142.2 MW out of 300 MW Khavda Solar Energy Project of NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Green Energy Limited at Khavda, Bhuj, Gujarat, under 450 MW Hybrid Tranche V Project is declared on Commercial Operation w.e.f. 00:00 Hrs of 28.06.2025 and the second part capacity of 146.7 MW out of 1255 MW Khavda-I Solar PV Project of NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Green Energy Limited in Gujarat under CPSU scheme Phase-II Tranche-III, is declared on Commercial Operation w.e.f. 00:00 Hrs of 28.06.2025,' it said in the filing.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
5 days ago
- Business Standard
Growing pains: NTPC expansion spawns companies and CEOs in equal measure
Think of an Indian public sector company that is in the energy business, so to speak, but is increasingly establishing a presence in all manner of renewable energy sectors, with no less than 36 companies under its umbrella. That would be NTPC, likely the largest conglomerate in the public sector. What's more, it will now focus only on downstream ventures in energy - bar NTPC Mining, which digs the coal for its vast network of thermal power plants. The diversification into RE also means that NTPC will no longer be bound by a single ministry, a position no other major state-owned company in India has straddled, be it LIC, ONGC, SBI, or Coal India. This effectively makes NTPC, the country's largest energy producer, stand for NTPC Group of companies. In fact, the NTPC name now pops up in nuclear enterprises, green companies of all shades including solar, wind and even tidal, coal mining, critical mineral mining, and green hydrogen, among others. The latest to join the list could be green chemicals. If one were to look at the numbers NTPC has birthed a new company every single year for the past 10 years. To take on these burgeoning business possibilities, the energy behemoth has also begun to form joint ventures (JV) with state governments (see chart), and is in talks with others. With consolidated gross fixed assets of Rs 4.04 trillion, NTPC is almost co-terminus with India's energy supply footprint. Unlike private sector players, such as L&T, India's state-owned companies typically do not have such a range of subsidiaries or JVs. One of the reasons for their reticence has been the delays involved in the process for most projects. For PSUs, approvals must be obtained from the finance ministry's department of investment and public asset management (Dipam), which often means getting the Union Cabinet's nod as well. The other is fiscal comfort, since investors get access to the balance sheet of the parent company. Bucking the trend, NTPC created Green Energy Ltd with a simple Board approval as a way to occupy the space between the mother company and the older NTPC Renewables. What's more, NTPC Green Energy's chief executive officer, Sarit Maheshwari, does not sit on the company's Board, an unusual management structure for a state-owned company. The innovation has helped. NTPC Green is now itself a parent with six companies in its fold. The company is on course to raise finance, possibly at even better terms than NTPC, to steer the plans of the Group to develop 60 GW of RE by early next decade. A Reuters report earlier this month noted that NTPC Green Energy will make its debut in the bond market, raising upwards of Rs 20 billion through five-year bonds. While the rates are not yet public, they are likely to be better than NTPC would get as a coal-based power producer. Once the decision is made to foray into green chemicals (atoms that do not create pollution), the name of the company could be broadened accordingly, a company source said. Do these surfeit of companies make the span of control within the group difficult? It is a question that Gurdeep Singh, chairman of NTPC for almost a decade now, considers often. Financing made easy Singh acknowledges that one of the reasons for setting up separate companies instead of incorporating them as divisions within the mothership was finance. There was the need to create space to invest within the relative financial rigidity under which state owned companies operate in India. The step-down process or JVs allows these companies to raise money on their balance sheet, without necessarily using the NTPC signage. Another reason is that the chase for new opportunities in India's difficult energy market has its own costs. For instance, owning NTPC Mining to mine coal is a peculiar venture for a power company to be involved in, since it then needs to straddle both ends of the supply chain. At 46 million metric tonnes (MMT) of extraction in FY25, it is on track to become the second largest government miner after Coal India and possibly more efficient. But the mines supplied only about 15 per cent of NTPC's total coal needs for its 53 GW of thermal plant capacity. To wit, NTPC would have been better off hiving off the business to a specialist mine development/operator company. But the mining unit is unlisted, and unlike Green Energy Ltd, would likely see muted investor interest. Not surprisingly, the NTPC stock has consequently underperformed the market for a long time, despite having a rating equivalent to India's sovereign grade. Bank of America Securities has only recently upgraded the company from 'underperform' to 'neutral', citing valuation correction. The securities firm noted NTPC has trailed the Nifty index by 21 per cent and other defensive sectors, including IT, pharmaceuticals, and consumer staples, by 10-20 per cent since August 2024. Adopting a culture of risk 'Creating the human resources hunger for performance has been one of my biggest challenges for these ventures,' says Singh. Becoming CEOs of these downstream companies meant prodding the officers to take risks, something that a public-sector culture doesn't exactly promote. 'The company now regularly sends officials to be picked up by the Public Sector Enterprises Board as chief executives of other companies," he says, noting that this was most unusual a few years ago. The creation of subsidiaries has helped, given the circumstances, and is most evident in the latest: NTPC Parmanu Urja Nigam Limited, established January 2025 as a wholly-owned subsidiary to explore advanced nuclear technologies, including pressurised water reactors, small modular reactors and fast breeder reactors. The company already operates under a company in this space, Ashvini, a JV with NPCIL established in FY25, and which is building the Mahi Banswara Rajasthan Atomic Power Project, comprising four 700 MW reactors. Singh is unwilling to commit if the two companies will be merged in the future. But he is clear that he will not get into the business of manufacturing nuclear products, even though the best margin lies in manufacturing them in what is an intensely capital-intensive business. After all, there remain some constraints in being the chief of a state-run company, even one as large as NTPC: some decisions are still made outside of New Delhi's NTPC Bhawan.
Economic Times
06-08-2025
- Economic Times
NHPC, NTPC Green Energy to issue over $500 million of debt in August: Report
NHPC and NTPC Green Energy, Indian state-run companies, plan to raise approximately 45 billion rupees. They will achieve this through short-term bond sales this month. NHPC aims to secure around 20 billion rupees via two or three-year bonds. NTPC Green Energy will debut in the bond market. They intend to raise between 20 to 25 billion rupees through five-year bonds. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Indian state-run companies NHPC and NTPC Green Energy will raise around 45 billion rupees (about $512.6 million) through the sale of short-term bonds this month, three sources aware of the matter said on company NHPC is set to raise around 20 billion rupees through the sale of two-year or three-year bonds and should be the first of the two companies to come up with the issue, the sources said. NTPC Green Energy , a subsidiary of integrated power company NTPC , will make its debut in the bond market by raising 20 billion rupees to 25 billion rupees through five-year bonds, according to the sources."NTPC Green Energy is keen to go for shorter duration paper, but may also opt for 10-year notes if it gets sufficient interest from investors," one of the sources sources requested anonymity as the talks are the companies did not reply to a Reuters email seeking had raised around 19.45 billion rupees in early May through separately transferable redeemable principal part bonds with six-to-15-year maturities."Short-end rates are lower and there is a decent spread between a three-to-five year and a 10-year paper, which is encouraging both the firms to go for such issuance," the second source participants expect the short-term bond yields to ease further as the Reserve Bank of India's monetary policy decision, due later in the day, is expected to boost demand for bonds.
Time of India
06-08-2025
- Time of India
NHPC, NTPC Green Energy to issue over $500 million of debt in August: Report
Indian state-run companies NHPC and NTPC Green Energy will raise around 45 billion rupees (about $512.6 million) through the sale of short-term bonds this month, three sources aware of the matter said on Tuesday. Hydropower company NHPC is set to raise around 20 billion rupees through the sale of two-year or three-year bonds and should be the first of the two companies to come up with the issue, the sources said. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo NTPC Green Energy, a subsidiary of integrated power company NTPC, will make its debut in the bond market by raising 20 billion rupees to 25 billion rupees through five-year bonds, according to the sources. Bonds Corner Powered By RBI auctions help bring average call rate closer to repo The weighted average call rate remained below the repo rate. The Reserve Bank of India used variable rate repo and reverse-repo auctions. This was to align overnight rates with the policy gauge. In June, the WACR was closer to the lower end of the LAF corridor. The RBI prefers the overnight rate to align with the repo rate. Liquidity still a challenge, but corporate bond market progressing with policy push: Hajra India's top state green energy firm mulls first local bond sale Fibe's NBFC arm raises Rs 225 crore via NCDs to fuel innovation and lending growth Corporate bonds to gain as RBI easing cycle nears, says Suresh Darak of Bondbazaar Browse all Bonds News with "NTPC Green Energy is keen to go for shorter duration paper, but may also opt for 10-year notes if it gets sufficient interest from investors," one of the sources said. The sources requested anonymity as the talks are private. Live Events Both the companies did not reply to a Reuters email seeking comment. NHPC had raised around 19.45 billion rupees in early May through separately transferable redeemable principal part bonds with six-to-15-year maturities. "Short-end rates are lower and there is a decent spread between a three-to-five year and a 10-year paper, which is encouraging both the firms to go for such issuance," the second source said. Market participants expect the short-term bond yields to ease further as the Reserve Bank of India's monetary policy decision, due later in the day, is expected to boost demand for bonds.
