NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited, has signed a Power Purchase Agreement (PPA) with PTC India Limited for the sale of 1,200 MW of solar power under a bilateral arrangement. According to reports from CNBC TV18 and Business Standard, the agreement was exchanged in the presence of PTC India Managing Director & CEO Dr. Manoj Kumar Jhawar, ONGPL CEO Dr. J. S. Chandok and other senior officials from NGEL/NTPC REL and PTC India. The agreement marks a significant milestone in strengthening collaboration between the two organizations to promote clean and sustainable energy in India.
Earlier on April 17, State-run NTPC Green Energy had commissioned 150 MW of solar capacity at a 300 MW project in Rajasthan, boosting its overall renewable portfolio. As reported by CNBC TV18, the capacity belongs to Project Sixteen Renewable Power Pvt Ltd, a step-down subsidiary of ONGC NTPC Green Pvt Ltd, the company's joint venture. The unit has been declared commercially operational with effect from April 18, 2026.
NTPC Green Energy Ltd had reported strong operational growth for the March quarter of FY26, with revenue and EBITDA rising sharply on the back of renewable energy expansion. According to exchange filing reports, the state-run renewable energy company posted a net profit of ₹197.1 crore for Q4FY26, down 15.6% from ₹233.3 crore in the corresponding quarter last year. Revenue from operations rose 46.7% year-on-year to ₹912.6 crore from ₹622.3 crore, while EBITDA increased 38.2% to ₹774.5 crore compared with ₹560.3 crore a year ago.
Shares of NTPC Green Energy ended 1.11% lower at ₹95.40 on the NSE on Friday, as reported by CNBC TV18. The decline occurred despite the company's strong operational performance and continued expansion in renewable energy capacity.
