NTPC Green Share Jumps 15% After 270 MW Solar Launch

The share price of the renewable energy company NTPC Green Energy Limited (NGEL) is surging. On Thursday, the company’s share rose to ₹99.90, up by over 15% from the previous closing price of ₹86.73. Over the past five trading days, the stock climbed north of 13%.

NGEL, a wholly-owned subsidiary of NTPC Limited, oversees the green business initiatives of India’s largest state-owned electric utility company.

Increased Electric Power Capacity

NGEL’s stock rallied after the company disclosed in a regulatory filing dated March 10 that it will begin generating power from a 270 MW solar unit that forms part of the larger 1,200 MW Khavda-II Solar PV Project in Gujarat in the early morning hours on Wednesday, March 11.

“[T]he third part capacity of 270 MW out of 1200 MW Khavda-II Solar PV Project located in Gujarat of NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Green Energy Limited, is declared on Commercial Operation w.e.f. 00:00 hrs of 11.03.2026,” the company said in its filing.

NGEL said that its current commercial capacity stands at 9,292.68. The development will increase its total installed capacity to 9,562.68 MW. The parent company said that NTPC group’s total installed capacity now stands at 88,544 MW and commercial capacity at 87,464 MW.

Power Generation from Renewable Energy Sources

The NTPC said that it is taking steps to make its energy portfolio greener by adding significant capacities to renewable energy sources. The company said that by 2032, it aims to have 60 GW of power capacity from renewable energy sources, which represents nearly 45% of its overall power generation capacity.

“NTPC is actively advancing its energy transition, with non-fossil-fuel based sources including hydro, renewables, and nuclear projected to make up about 44% of its capacity,” the company said. “Renewable energy, including hydro, will contribute ~43.4% to the overall mix, while nuclear energy will be added with 0.7 GW capacity, enhancing diversification and supporting India’s energy security goals.”