Latest news with #NTPCGreenEnergy
Business Standard
3 days ago
- Business
- Business Standard
NTPC Green surges after India Ratings assigns 'AAA/A1+' rating to debt facilities with 'stable' outlook
NTPC Green Energy (NGEL) jumped 4.13% to Rs 108.35 after the credit rating agency India Ratings and Research assigns 'IND AAA/ IND A1+' rating to the credit facilities of the company with 'stable' outlook. India Ratings and Research stated that the ratings reflect NGELs strong operational and strategic linkages with NTPC. NTPC group plans to increase its renewable energy (RE) capacity to 60GW by 2032 through NGEL. NGEL also receives operational support from NTPC with key managerial persons appointed from NTPC and common directors. At FYE25, NGEL has a total 5.9GW commissioned under its own books, its subsidiary, NTPC Renewable Energy Limited (NREL) and joint venture (JV) with Oil and Natural Gas Corporation Limited (ONGC) which acquired Ayana Renewable Power Private Limited (Ayana) with an operational capacity of 2.12GW. NGEL raised money through an initial public offering in November 2024 amounting Rs 100 billion. To achieve the desired capacity addition, NGEL would continue to look for greenfield projects to be executed under NREL, inorganic acquisitions or increasing capacity through JVs with other public sector entities. The ratings also factor in the availability of capital markets to fund the capex requirements owing to its parentage. However, the ratings are constrained by a likely increase in the consolidated net leverage (net debt/EBITDA) with the increase in capex in the near-to-medium term. NTPC Green Energy (NGEL) was incorporated as a fully owned subsidiary of NTPC on 7 April 2022 for developing RE parks and projects. It had been established as the renewable energy (RE) arm of NTPC with all the operational and under construction projects transferred to NGEL.
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Business Standard
11-06-2025
- Business
- Business Standard
Naidu eyes AP as green energy hub with ₹14 trn investment pipeline
Andhra Pradesh attracted investments to the tune of ₹14 trillion in the last one year since Chief Minister N Chandrababu Naidu took charge, aligning with his vision to make the state an industrial hub, with special focus on green energy. Out of the ₹14 trillion investments, projects around ₹9.2 trillion have been cleared. They have either got land allotted by the government, which completes one year on Thursday, or received government incentives. The major investors include NTPC Green Energy (₹1.85 trillion), ArcelorMittal Nippon India (₹1.35 trillion), Indosol Solar (₹1.29 trillion), NHPC (₹1 trillion), Bharat Petroleum Corporation (₹96,862 crore), and Reliance Industries (₹65,000 crore), among others. Driven by an attractive Integrated Clean Energy Policy launched in October 2024, which fast-tracked clearances and lined up fresh sops, the state also grabbed a considerable share of the country's renewable energy investments in the last one year. In renewables too, major committed investments are coming from Tata Power (₹49,000 crore), multiple projects by NTPC Green (₹2.08 trillion), Vedanta's Serentica (₹50,000 crore), SAEL Industries (₹6,000 crore), and Brookfield (₹50,000 crore), among others. Green energy major ReNew Power is also set to come up with a ₹22,000-crore renewable project at Anantapur in Andhra Pradesh, which is going to be the largest renewable energy (RE) complex in India. The complex will manufacture around 2.5 gigawatts (Gw) of RE power and a battery energy storage system (BESS) of 1 gigawatt hour (Gwh), in two phases. According to a Central Electricity Authority (CEA) roadmap, of the target of 500 Gw generation capacity from non-fossil fuel resources by 2030, 86 Gw of RE potential is in South India. Out of this 86 Gw, around 51 Gw has been identified in Andhra Pradesh (Anantapur – 20 Gw, Kurnool – 23 Gw, and Kadapa – 8 Gw). The policy in October mainly targeted large-scale promotion of RE, pumped storage power (PSP), green hydrogen, and its derivatives through the optimum utilisation of available resources.
Time of India
06-06-2025
- Business
- Time of India
NTPC Group installed capacity stands at 80,265 MW post commissioning of 110.25 MW solar supply
Power giant NTPC on Friday said its group installed generation capacity stood at 80,265 MW after its step-down arm NTPC Renewable Energy began 110.25 MW commercial supply from 1255 MW Khavda solar project . In a regulatory filing, the company said consequent upon successful commissioning, first part capacity of 110.25 MW out of 1255 MW Khavda-I Solar PV Project of NTPC Renewable Energy Ltd , a wholly-owned subsidiary of NTPC Green Energy , is declared on Commercial Operation "w.e.f. 00:00 Hrs. of June 6, 2025". NTPC Green Energy is a subsidiary of NTPC Ltd. With this, the total installed and commercial capacity of the NTPC group stood at 80,265 MW, the filing said.
Time of India
06-06-2025
- Business
- Time of India
NTPC Group installed capacity stands at 80,265 MW post commissioning of 110.25 MW solar supply
Power giant NTPC on Friday said its group installed generation capacity stood at 80,265 MW after its step-down arm NTPC Renewable Energy began 110.25 MW commercial supply from 1255 MW Khavda solar project . In a regulatory filing, the company said consequent upon successful commissioning, first part capacity of 110.25 MW out of 1255 MW Khavda-I Solar PV Project of NTPC Renewable Energy Ltd , a wholly-owned subsidiary of NTPC Green Energy , is declared on Commercial Operation "w.e.f. 00:00 Hrs. of June 6, 2025". NTPC Green Energy is a subsidiary of NTPC Ltd. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Direct Shopping From Adidas Franchise Store, Up To 50% Off Original Adidas Shop Now Undo With this, the total installed and commercial capacity of the NTPC group stood at 80,265 MW, the filing said.
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Business Standard
06-06-2025
- Business
- Business Standard
NTPC hits 80,265 MW capacity after commissioning 110 MW Khavda project
In a regulatory filing, the company said consequent upon successful commissioning, first part capacity of 110.25 MW out of 1255 MW Khavda-I Solar PV Project Power giant NTPC on Friday said its group installed generation capacity stood at 80,265 MW after its step-down arm NTPC Renewable Energy began 110.25 MW commercial supply from 1255 MW Khavda solar project. In a regulatory filing, the company said consequent upon successful commissioning, first part capacity of 110.25 MW out of 1255 MW Khavda-I Solar PV Project of NTPC Renewable Energy Ltd, a wholly-owned subsidiary of NTPC Green Energy, is declared on Commercial Operation "w.e.f. 00:00 Hrs. of June 6, 2025". NTPC Green Energy is a subsidiary of NTPC Ltd. With this, the total installed and commercial capacity of the NTPC group stood at 80,265 MW, the filing said.
