State-owned NTPC Green Energy Ltd announced that its wholly owned subsidiary NTPC Renewable Energy Ltd (NTPC REL) has secured 500 MW contracted capacity in the Solar Energy Corporation of India's (SECI) 6,000 MWh Assured Peak Power Tender (FDRE-IX) at a discovered tariff of ₹6 per kWh. According to the company's exchange filing, the e-reverse auction for the tender was concluded on Friday, August 21, 2026. The tender is for selection of renewable energy power developers for assured peak supply of 6,000 MWh, comprising 1,500 MW for four hours, from inter-state transmission system (ISTS)-connected renewable energy projects in India under tariff-based competitive bidding. This latest tender awarded by SECI was placed at a lower tariff rate than SECI's erstwhile Firm and Dispatchable Renewable Energy tender, which was awarded at ₹6.28/kWh-₹6.27/kWh. The discovered tariff of ₹6.00 per kWh was determined through the competitive e-reverse auction process, with the successful bid secured under SECI-FDRE-IX, a tariff-based competitive bidding tender designed to select renewable energy developers capable of supplying power during peak demand periods. The award of 500 MW capacity under the SECI-FDRE-IX tender represents a significant milestone for NTPC Green Energy, as FDRE contracts command a tariff premium compared to plain vanilla solar or wind contracts, reflecting the added value of battery energy storage and grid-dispatchability during peak demand hours. This premium pricing structure is expected to support strong operating margins, mirroring the 89.33% OPM achieved in Q1 FY27, while expanding the company's contracted capacity base.
NTPC Green Energy Ltd reported robust financial results for the June quarter, with consolidated net profit rising 38.26% year-on-year to ₹304.84 crore from ₹220.48 crore in Q1 FY26, as reported by the company. Revenue from operations increased 62.72% year-on-year to ₹1,106.86 crore during the quarter from ₹680.21 crore a year earlier. Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) increased 63.8% to ₹988.7 crore, while EBITDA margin remained largely stable at 89.3%, compared with 88.7% in the corresponding quarter last year. The successful bid by NTPC REL highlights the shifting preference of distribution companies (DISCOMs) towards dispatchable green power, with peak-demand tariffs being discovered at ₹6.00/kWh, making clean energy highly competitive against conventional peaking gas or thermal plants. This trend will accelerate capital expenditure in battery energy storage systems (BESS) and hybrid installations, benefiting equipment suppliers and EPC providers in the clean energy ecosystem.
The ₹500 crore order represents approximately 58% of the company's average quarterly revenue of ₹867.00 crore, significantly improving the book-to-bill ratio and extending revenue visibility for coming quarters. When added to the prior backlog, the total disclosed order book stands at ₹693 crore, compared to ₹193 crore previously. This substantial increase in order book provides improved revenue visibility and demonstrates the company's strong execution capabilities. The current order value of ₹500 crore is substantially larger than typical per-order sizes in recent history, which included a ₹193 crore order in Q1FY27. The order inflow velocity appears to be accelerating with this large-scale win compared to previous quarters, indicating strengthening market position and project pipeline.
Earlier in August, NTPC Green Energy secured another significant contract through the West Bengal State Electricity Distribution Company Limited e-reverse auction. The company won the order to develop a standalone Battery Energy Storage System (BESS) project in West Bengal with an estimated capacity of 500 MW or 2,000 MWh. According to the exchange filing, NTPC Renewable Energy Limited (NTPC REL) secured 200 MW/800 MWh of BESS capacity at a discovered tariff of ₹4.35 lakh per MW per month. This additional win demonstrates the company's diversified capabilities across both renewable energy generation and energy storage solutions, positioning it well for the growing demand for grid-connected battery storage systems.
NTPC Green Energy shares ended 0.49% lower at ₹91.43 on Friday, August 21, 2026, compared to ₹91.88 at the previous close, according to NSE data. The stock has lost more than 11% of its value in the last one-year period and declined 3.9% on a year-to-date basis in 2026. The shares have lost 1.1% in the past-month period and were trading 0.5% lower in the last five market sessions. The company's market capitalisation stood at ₹77,058 crore as of the stock market close on Friday, August 21, 2026. Despite recent price movements, the stock has shown volatility with a 52-week high of ₹119.95 reached on April 27, 2026, and a 52-week low of ₹84 recorded on March 2, 2026.
