Solar & Wind Power Company Incorporates a JVC with Mahatma Phule Renewable Energy & Infrastructure Technology Ltd
The company has a market cap of over Rs 80,000 crore with a PE of 230x, an ROE of 6 per cent and an ROCE of 8 per cent.
NTPC Green Energy Limited (NGEL) announced the incorporation of a new joint venture company, "NTPC-MAHAPREIT GREEN ENERGY LIMITED," on April 8, 2025, in India. This entity is a 74:26 joint venture between NGEL and Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT), with NGEL holding the majority stake. The newly formed company will focus on developing, operating, and maintaining Renewable Energy Parks, including Ultra Mega Renewable Energy Power Parks (UMREPP) and other RE projects encompassing solar, wind, and hybrid power generation with or without storage, targeting a capacity of up to 10 GW across Maharashtra and potentially other states in India. This incorporation follows approvals from the Ministry of Power, DIPAM, and NITI Aayog, and NGEL has subscribed to 74,000 equity shares at a face value of ₹10 each for a cash consideration, representing a 74 per cent shareholding in the venture.
Additionally, NTPC Green Energy Limited (NGEL) announced that the second part capacity of 90 MW from the 150 MW Dayapar Wind Energy Project Phase-I, located in Dayapar, Bhuj, Gujarat, has successfully achieved commercial operation effective 00:00 Hrs. on April 9, 2025. This 90 MW capacity is part of a larger 450 MW Hybrid Project undertaken by NTPC Renewable Energy Limited, a wholly-owned subsidiary of NGEL. With this declaration, following the commercial operation of the initial 50 MW capacity on November 4, 2023, a total of 140 MW of the 150 MW Dayapar Wind Energy Project Phase-I is now operational.
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NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, is a leading renewable energy company in India. Incorporated in 2022, NGEL is dedicated to developing, constructing, and operating solar and wind energy projects across the country. With a strong focus on sustainable energy solutions, NGEL aims to contribute significantly to India's renewable energy goals. By leveraging its parent company's expertise and resources, NGEL is well-positioned to become a major player in the renewable energy sector.
NTPC Green Energy Limited has been actively contributing to the nation's renewable energy goals. The successful commissioning of the first part capacity of the 105 MW Shajapur Solar Project in Madhya Pradesh on November 29, 2024, has propelled the NTPC group's total installed and commercial capacity to 76,530.68 MW. Furthermore, the strategic partnership between NTPC Green Energy Limited and Chhattisgarh State Power Generation Company Limited aims to develop up to 2,000 MW of renewable energy projects, including innovative floating solar solutions. This collaboration reinforces the commitment of both organizations to sustainable energy practices and a greener future.
The company has a market cap of over Rs 80,000 crore with a PE of 230x, an ROE of 6 per cent and an ROCE of 8 per cent. Investors should keep an eye on this power generation stock.
Disclaimer: The article is for informational purposes only and not investment advice.