“During the board meeting on 15th January 2026, the Directors of the Company approved the Joint Venture Agreement to create a 50:50 Joint Venture Company (JVC) with GAIL (India) Ltd for Renewable Energy Projects, pending approval from the Ministry of Power, DIPAM, and/or other relevant statutory bodies,” stated a regulatory filing.
Also Read: NTPC Green Energy commissions 37.925 MW solar capacity at Khavda project in Gujarat
The joint venture is set to focus on renewable energy projects. Its incorporation depends on receiving the necessary approvals from the Ministry of Power, DIPAM, and other applicable statutory authorities.Second Quarter Results
NTPC Green Energy reported a net profit increase of 131.6% year-on-year, reaching ₹88 crore for the quarter ended September 30, 2025, up from ₹38 crore in the same quarter of the previous year.
The quarterly revenue was ₹612.3 crore, reflecting a 21.5% rise from ₹503.8 crore recorded in Q2FY25. The company’s EBITDA stood at ₹529.6 crore, showcasing a 26% increase from ₹420.2 crore in the year-ago period. The EBITDA margin improved to 86.5%, compared to 83.4% in Q2FY25.
Also Read: NTPC Green Energy Q1 Result | Profit rises 59% to ₹220 crore on strong operating performance
NTPC Green Energy (NGEL) is a subsidiary of the state-owned power behemoth NTPC. NGEL serves as the umbrella organization for NTPC’s green business initiatives, executing projects through both organic and inorganic methods, with a goal to lead NTPC’s green energy journey towards achieving the ambitious target of 60 GW by FY32.
On Wednesday (January 14), shares of NTPC Green Energy Ltd closed at ₹91.71, increasing by ₹0.16, or 0.17%, on the BSE.
