Latest news with #NGEL
Fibre2Fashion
2 days ago
- Business
- Fibre2Fashion
NTPC Green Energy & BSPGCL ink pact for clean energy projects in Bihar
NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, signed a Memorandum of Understanding (MoU) with Bihar State Power Generation Company Limited (BSPGCL) for development of Battery Energy Storage Projects and Renewable Energy Project for decarbonization and energy transition in the state of Bihar. NTPC Green Energy Ltd (NGEL) signed a memorandum of understanding with Bihar State Power Generation Co Ltd (BSPGCL) on July 26, 2025, to develop battery energy storage and renewable energy projects in Bihar. The agreement aims to support decarbonisation and energy transition, in the presence of Bihar's Energy and Industries Ministers and senior officials. The MoU was signed on 26th July'2025 between Sh. Sarit Maheswari, CEO (NGEL & NREL) and Sh. Abdesh Kumar Singh, Director Technical (BSPGCL), shared in the presence of the Hon'ble Minister of Energy, Planning & Development of Govt. of Bihar Sh. Bijendra Prasad Yadav, Hon'ble Minister of Industries of Govt. of Bihar Sh. Nitish Mishra, ACS, Department of Industries, Secretary Department of Energy and other senior officials from Government of Bihar. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. ALCHEMPro News Desk (HU)
Business Standard
3 days ago
- Business
- Business Standard
NTPC Green Energy slides after Q1 PAT drops 5% QoQ to Rs 220 cr
NTPC Green Energy declined 1.45% to Rs 105.60 after the company's consolidated net profit dropped 5.46% to Rs 220.48 crore on a 9.31% rise in revenue to Rs 680.21 crore in Q1 FY26 over Q4 FY25. On a year-on-year (YoY) basis, the companys revenue and profit surged 17.59% and 59.07%, respectively. Profit before tax stood at Rs 277.10 crore in the quarter ended 30 June 2025, up 51.06% as against Rs 183.44 crore recorded in Q1 FY25. The companys total expenses increased 16.17% YoY to Rs 492.55 crore during the quarter. Finance costs stood at Rs 192.56 crore (up 5.14% YoY), and employee benefit expenses stood at Rs 12.39 crore (down 16.11% YoY) during the period under review. NTPC Green Energy (NGEL) is a renewable energy company that focuses on undertaking projects through organic and inorganic routes.
News18
4 days ago
- Business
- News18
NTPC Green Energy net profit jumps 59 pc to Rs 220 cr in April-June
New Delhi, Jul 28 (PTI) NTPC Green Energy Ltd (NGEL) has posted a 59 per cent year-on-year rise in consolidated net profit to Rs 220.48 crore in June quarter, driven by higher revenues. NGEL, the green portfolio entity of power giant NTPC Ltd, had clocked a net profit of Rs 138.61 crore in the first quarter of preceding 2024-25 financial year. The company increased its total income to Rs 751.69 crore in the latest April-June quarter, up 24 per cent from Rs 607.43 crore recorded in the same period a year ago. Its expenses were at Rs 492.55 crore as against Rs 423.99 crore in the corresponding quarter last fiscal. NGEL, an umbrella company for green business initiatives of NTPC, undertakes projects through organic and inorganic routes and aims to be the flag-bearer of NTPC's green energy journey to achieve the ambitious target of 60 gugawatt (GW) by FY32. The company completed its initial public offering (IPO), comprising a fresh issuance of 92,63,29,669 equity shares with a face value of Rs 10 each, during FY25. view comments First Published: July 28, 2025, 19:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
4 days ago
- Business
- Time of India
NTPC Green Energy looks to develop RE, battery energy storage projects in Bihar
State-owned NTPC Green Energy Limited has plans to set up renewable energy and battery energy storage projects (BESS) in Bihar , a move which will increase the company's portfolio and presence in the clean energy space. The company has signed a Memorandum of Understanding (MoU) with Bihar State Power Generation Company Limited (BSPGCL) to take forward its plans. The MoU with BSPGCL aims for development of Battery Energy Storage Projects and Renewable Energy Project for decarbonisation and energy transition in Bihar, NTPC Green Energy Limited (NGEL) said in a statement on Saturday. The agreement was signed between Sarit Maheswari, CEO (NGEL), and Abdesh Kumar Singh, Director Technical (BSPGCL), in the presence of Minister of Energy, Planning & Development of Government of Bihar Bijendra Prasad Yadav and other senior officials from the state government. NGEL is an umbrella company for the green business initiatives of NTPC and it undertakes projects through organic and inorganic routes and aims to be the flag-bearer of NTPC's green energy journey to achieve the ambitious target of 60 gugawatt (GW) by FY32.
The Print
5 days ago
- Business
- The Print
NTPC Green Energy looks to develop RE, battery energy storage projects in Bihar
The MoU with BSPGCL aims for development of Battery Energy Storage Projects and Renewable Energy Project for decarbonisation and energy transition in Bihar, NTPC Green Energy Limited (NGEL) said in a statement on Saturday. The company has signed a Memorandum of Understanding (MoU) with Bihar State Power Generation Company Limited (BSPGCL) to take forward its plans. New Delhi, Jul 27 (PTI) State-owned NTPC Green Energy Limited has plans to set up renewable energy and battery energy storage projects (BESS) in Bihar, a move which will increase the company's portfolio and presence in the clean energy space. The agreement was signed between Sarit Maheswari, CEO (NGEL), and Abdesh Kumar Singh, Director Technical (BSPGCL), in the presence of Minister of Energy, Planning & Development of Government of Bihar Bijendra Prasad Yadav and other senior officials from the state government. NGEL is an umbrella company for the green business initiatives of NTPC and it undertakes projects through organic and inorganic routes and aims to be the flag-bearer of NTPC's green energy journey to achieve the ambitious target of 60 gugawatt (GW) by FY32. PTI ABI HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
