Latest news with #NTPCGreenEnergyLtd
News18
4 days ago
- Business
- News18
NTPC Green Energy Shares In Focus After Securing 1,000 MW Solar Project In UPPCL Solar Auction
Last Updated: Shares of NTPC Green Energy Ltd, a subsidiary of NTPC Ltd, will be in focus Thursday after winning 1,000 MW in UPPCL's solar PV auction NTPC Green Energy Share Price: Shares of NTPC Green Energy Ltd, a subsidiary of NTPC Ltd, will draw attention in Thursday's trading session after winning 1,000 MW capacity in Uttar Pradesh Power Corporation Limited (UPPCL)'s solar PV power project auction. The company signed a Power Purchase Agreement (PPA) on Wednesday at a discovered tariff of Rs 2.56 per kWh. This week, NTPC Green Energy also announced a strategic partnership with Honeywell Automation India to explore sustainable aviation fuel (SAF) production in India. SAF, produced from non-petroleum feedstocks, helps significantly reduce air transport emissions. The collaboration aims to utilize Honeywell's eFining technology to convert carbon dioxide (CO₂) captured from NTPC power plants and green hydrogen into SAF, expanding NTPC's green fuel portfolio. The company plans to blend SAF with conventional jet fuels, enhancing its footprint in low-carbon energy solutions. In its Q4 results, NTPC Green Energy posted a robust threefold jump in net profit to Rs 233 crore, up from Rs 81 crore a year earlier. Quarterly revenue rose 22.5% to Rs 622.3 crore, compared to Rs 508 crore in Q4 2024. The company reiterated its renewable energy ambitions, targeting 40 GW of capacity by FY 2032, which will bring its total renewable portfolio to 60 GW. Additionally, NTPC expects to commission 14 GW of pumped hydro capacity within the next six to nine years. First Published: June 05, 2025, 08:00 IST
The Hindu
24-05-2025
- Business
- The Hindu
NTPC Q4 profit rises 22% to ₹7,897 crore
State-owned power giant NTPC on Saturday (May 24, 2025) reported a nearly 22% rise in consolidated net profit to ₹7,897.14 crore in the March quarter of FY25, aided by higher revenue from its generation business. The power major had reported a net profit of ₹6,490.05 crore in the January-March period of 2023-24, the company said in an exchange filing. NTPC's total income increased to ₹51,085.05 crore in the latest March quarter from ₹48,816.55 crore in Q4 FY24. The company earned a revenue of ₹49,352.99 crore alone from the generation business, up from ₹47,088.70 crore revenue garnered from the segment in fourth quarter of FY24. For the entire FY25, the company's net profit rose to ₹23,953.15 crore against ₹21,332.45 crore in FY24. The total income also climbed to ₹1,90,862.45 crore from ₹1,81,165.86 crore in FY24. In FY25, the profit from subsidiaries increased to ₹4,139 crore, higher from ₹3,897 crore in FY24. While the share of profit from joint ventures also rose to ₹2,214 crore in the fiscal ended March 2025 from ₹1,636 crore in the April-March 2023-24. The company's board of directors has recommended a final dividend of 33.50% (₹3.35 per share) for 2024-25, subject to approval of shareholders in the ensuing annual general meeting. The final dividend is in addition to the first interim dividend at the rate of ₹2.50 per share and the second interim dividend at ₹2.50 per share of face value of ₹10 each for FY25 paid in November and February, respectively. In a snap shot, NTPC said its capacity increased by 3,972 MW to 79,930 MW in FY25 from 75,958 MW as of March 2024. While standalone capacity increased by 335 MW to 59,413 MW as of March 2025, from 59,078 MW in FY24. The gross power generation was at 372.825 billion units (BUs) during the year, up 3.07$ as against 361.703 BUs in FY24. The average tariff for the year was ₹4.70/kwh (kilowatt hour) in FY25. Total coal supply to power plants from captive mines was at 253.26 MMT in FY25 as against 231.64 MMT in FY24. About capacity, the company said around 80 GW is under operation and another 34 GW is under Construction. There is 7 GW of green energy under operation through subsidiary NTPC Green Energy Ltd (NGEL), 18 GW contracted & awarded and 9 GW under pipeline, the company said. NTPC further said it has set an ambitious goal to develop 30 GW of nuclear power in alignment with India's net-zero carbon emission commitment by 2070 and the national target of 100 GW nuclear capacity by 2047. "Our approach is two-pronged: in FY 2024-25, the government of India approved ASHVINI to build, own, and operate nuclear power plants. We are in the process of executing Mahi Banswara Rajasthan Atomic Power Project, comprising four 700 MW reactors." Second, the company has incorporated NTPC Parmanu Urja Nigam Limited in January 2025 as a wholly-owned subsidiary to explore advanced nuclear technologies, including Pressurised Water Reactors, Small Modular Reactors and Fast Breeder Reactors. Around 28 potential sites have been identified across states like U.P., M.P., Chhattisgarh, Gujarat, and others, with memorandum of understandings already signed with the Madhya Pradesh and Chhattisgarh governments, the company said. On pumped storage projects, the company said it is strategically positioned with an impressive 21,240 MW pumped storage portfolio - 10,200 MW under NTPC and 11,040 MW through THDC and NEEPCO. "We will see our first 1,000 MW commissioned through Tehri PSP shortly. We have completed Preliminary Feasibility Reports for 18 projects and Detailed Project Reports for 4 projects are in an advanced stage," NTPC said. PSP assets offer over 40 years of operational life and attractive regulated returns. As critical infrastructure for India's renewable transition, they add long-term stability to our energy portfolio, ensuring sustainable growth while advancing energy security and climate goals. NTPC, under the Ministry of Power, is India's largest power generation company.
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Business Standard
22-05-2025
- Business
- Business Standard
NTPC Green Energy wins 80MW battery storage project in Kerala auction
NTPC Green Energy Ltd (NGEL) emerged as the winning bidder in the e-reverse auction conducted by NHPC on May 21, 2025, a regulatory filing said Press Trust of India New Delhi State-owned NTPC Green Energy on Thursday said it has bagged a battery energy storage project in Kerala in an auction conducted by NHPC. The 80MW/320MWh battery energy storage project will provide power back-up or supply of 80MW for four hours. NTPC Green Energy Ltd (NGEL) emerged as the winning bidder in the e-reverse auction conducted by NHPC on May 21, 2025, a regulatory filing said. The auction was part of NHPC's tender for the selection of Battery Energy Storage System (BESS) developers for setting up of 125MW / 500MWh ISTS-connected standalone BESS in Kerala. NGEL has secured two key projects under the initiative. Letter of award from NHPC is awaited, it stated.
Time of India
24-04-2025
- Business
- Time of India
NTPC Green Energy to consider raising up to Rs 5,000 cr via bonds next week
The NTPC Green Energy Ltd (NGEL) board will next week consider a proposal to raise up to Rs 5,000 crore through issuance of bonds in one or more tranches in fiscal 2025-26. NGEL is an umbrella company for the green business initiatives of state-owned power giant board meeting is scheduled for April 29, board will "consider and approve borrowing (raising of funds) up to a maximum amount of Rs 5,000 crore during 2025-26, by issuing secured/unsecured, redeemable, taxable/ tax free, cumulative, non-cumulative debentures (Bonds/ NCDs) in one or more tranche," a regulatory filing said.
