NTPC Green Energy Secures 500 MW in SECI Peak Power Tender

NTPC Green Energy Ltd’s wholly owned subsidiary NTPC Renewable Energy Ltd (NTPC REL) secured 500 MW of contracted capacity in SECI’s 6,000 MWh assured peak power tender (SECI-FDRE-IX) at a discovered tariff of ₹6/kWh, with the e-reverse auction concluding on August 21, 2026. The tender involves assured renewable power supply of 6,000 MWh, equivalent to 1,500 MW for four hours, from ISTS-connected renewable energy projects in India through tariff-based competitive bidding, adding to NTPC Green Energy’s contracted renewable capacity. On the financial front, Q1 net profit increased 38.3% YoY, while revenue from operations grew 62.7% YoY to ₹1,106.9 crore from ₹680.2 crore in the corresponding quarter, and EBITDA rose 63.8% to ₹988.7 crore. EBITDA margin was 89.3%, compared with 88.7% a year earlier. The board also approved the creation of a wholly owned subsidiary/SPV for renewable energy project development, with the proposed structure intended to enable subsequent stake dilution for captive or group captive arrangements for commercial and industrial customers, subject to necessary approvals. Further, the company received in-principle approval to invest up to ₹28.78 lakh in AP NGEL Harit Amrit Ltd, currently a 50:50 joint venture with the New & Renewable Energy Development Corporation of Andhra Pradesh Ltd; the investment would increase NTPC Green Energy’s holding to 51%, after which the JV would become a subsidiary, subject to applicable statutory and regulatory requirements. NTPC Green Energy’s shares closed at ₹91.55 on August 21, 2026, down ₹0.30 or 0.33% on the BSE. !NTPC Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.