NTPC Green Energy adds 69.04 MW capacity at Khavda solar project

NTPC Green Energy Limited (NGEL) announced that the commercial operation of 69.04 MW capacity of its 1,255 MW Khavda-I solar PV project in Gujarat begins from December 25. The project falls under the CPSU Scheme Phase-II Tranche-III and is executed by NTPC Renewable Energy Limited, a wholly-owned subsidiary of NGEL.

With this addition, the commercial capacity of the NTPC Green Energy Group now stands at 7,996.30 MW, up from 7,927.26 MW.

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Earlier, on December 17, NGEL had reported the commercial operation of 37.925 MW from the Khavda solar project. At that time, the company had noted that the fifth-part capacity of the 300 MW Khavda solar project, which is part of the 450 MW Hybrid Tranche V being executed by NTPC Renewable Energy Ltd, would become commercially operational on December 18, 2025.

The Khavda project is located in Gujarat’s Kutch district, which has emerged as a key hub for large-scale renewable energy installations, supported by high solar irradiance and strong evacuation infrastructure.

Also Read: NTPC Green Energy commissions 37.925 MW solar capacity at Khavda project in Gujarat

The company posted a 131.6% year-on-year jump in net profit, reporting ₹88 crore for the September quarter, up from ₹38 crore in the same period last year. Revenue rose 21.5% to ₹612.3 crore, compared with ₹503.8 crore in Q2FY25. EBITDA grew 26% to ₹529.6 crore from ₹420.2 crore a year ago, while the EBITDA margin improved to 86.5% from 83.4% in Q2FY25.

Shares of NTPC Green Energy ended at ₹93.25, up ₹2.75 (3.04%) on the BSE today, December 24.