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State-owned NTPC Green Energy Ltd on Thursday (January 15) said its board of directors has approved a joint venture agreement to incorporate a 50:50 joint venture company with GAIL (India) Ltd.
"Board of Directors of the Company in their meeting held on 15th January 2026, has inter-alia approved the Joint Venture Agreement for incorporation of a 50:50 Joint Venture Company (JVC) with GAIL (India) Ltd for undertaking Renewable Energy Projects, subject to approval of Ministry of Power, DIPAM and/or other statutory authorities as applicable," a regulatory filing said.
Also Read: NTPC Green Energy commissions 37.925 MW solar capacity at Khavda project in Gujarat
The joint venture will undertake renewable energy projects. The incorporation of the JV is subject to approvals from the Ministry of Power, DIPAM, and other applicable statutory authorities.
Second Quarter Results
NTPC Green Energy reported a 131.6% year-on-year increase in net profit at ₹88 crore for the quarter ended September 30, 2025, compared to ₹38 crore in the same quarter last year.
Revenue for the quarter stood at ₹612.3 crore, up 21.5% from ₹503.8 crore in Q2FY25. The company’s EBITDA came in at ₹529.6 crore, reflecting a 26% growth from ₹420.2 crore in the year-ago period. EBITDA margin for the quarter 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 state-owned power giant NTPC. NGEL is an umbrella company for green business initiatives of NTPC and undertakes projects through organic and inorganic routes, and aims to be the flag-bearer of NTPC's green energy journey to achieve the ambitious target of 60 GW by FY32.
On Wednesday (January 14), shares of NTPC Green Energy Ltd ended at ₹91.71, up by ₹o.16, or 0.17%, on the BSE.
"Board of Directors of the Company in their meeting held on 15th January 2026, has inter-alia approved the Joint Venture Agreement for incorporation of a 50:50 Joint Venture Company (JVC) with GAIL (India) Ltd for undertaking Renewable Energy Projects, subject to approval of Ministry of Power, DIPAM and/or other statutory authorities as applicable," a regulatory filing said.
Also Read: NTPC Green Energy commissions 37.925 MW solar capacity at Khavda project in Gujarat
The joint venture will undertake renewable energy projects. The incorporation of the JV is subject to approvals from the Ministry of Power, DIPAM, and other applicable statutory authorities.
Second Quarter Results
NTPC Green Energy reported a 131.6% year-on-year increase in net profit at ₹88 crore for the quarter ended September 30, 2025, compared to ₹38 crore in the same quarter last year.
Revenue for the quarter stood at ₹612.3 crore, up 21.5% from ₹503.8 crore in Q2FY25. The company’s EBITDA came in at ₹529.6 crore, reflecting a 26% growth from ₹420.2 crore in the year-ago period. EBITDA margin for the quarter 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 state-owned power giant NTPC. NGEL is an umbrella company for green business initiatives of NTPC and undertakes projects through organic and inorganic routes, and aims to be the flag-bearer of NTPC's green energy journey to achieve the ambitious target of 60 GW by FY32.
On Wednesday (January 14), shares of NTPC Green Energy Ltd ended at ₹91.71, up by ₹o.16, or 0.17%, on the BSE.
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