Shares of State-owned, NTPC Inexperienced Power Ltd (NGEL), soared 2% on Friday, 10 October, after the corporate introduced that its wholly owned subsidiary, NTPC Renewable Power Ltd, has signed a Memorandum of Understanding (MoU) with the Gujarat authorities to construct large-scale renewable power tasks within the state.
Below the MoU, NTPC Renewable Power would create photo voltaic parks and tasks with a mixed capability of 10 GW, in addition to wind tasks with a capability of 5 GW, for a complete renewable capability of 15 GW in Gujarat. The MoU was signed on 9 October 2025, in the course of the Vibrant Gujarat Regional Convention in Mehsana, Gujarat.
NTPC Inexperienced Power’s internet revenue elevated by 59% yr on yr within the April-June quarter of fiscal yr 26. The corporate’s internet revenue elevated to Rs 220 crore from Rs 138 crore the earlier yr, pushed by elevated income and constant operational effectivity.
The income for the quarter elevated by 17.6% to Rs 680 crore from Rs 578 crore in Q1FY25. The topline rise was pushed by elevated capability utilisation throughout working property and the launch of recent renewable power tasks.
The corporate’s EBITDA elevated 17.8% to Rs 603 crore from Rs 512 crore in the identical interval final yr. Regardless of rising bills, NGEL maintained its profitability, with an EBITDA margin of 88.6%.
At 1:50 pm, the shares of NTPC Inexperienced Power had been buying and selling 1.36% greater at Rs 99.51 on NSE.
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