NTPC Green Energy inks MoU with Paradip Port Authority to develop green hydrogen projects

State-run NTPC Green Energy Ltd, a subsidiary of NTPC Ltd, has signed a Memorandum of Understanding (MoU) with the Paradip Port Authority to explore collaboration on green hydrogen initiatives. The agreement was formalised on October 27, 2025, during India Maritime Week in Mumbai, in the presence of Odisha Chief Minister Mohan Charan Majhi.

Under the MoU, both entities will work together to develop and implement green hydrogen-based mobility projects within the Paradip Port area and assess opportunities

for setting up projects related to green hydrogen and its derivatives. The partnership aligns with NTPC’s broader goal of accelerating India’s transition to clean energy and promoting sustainable port operations.

Last week, NTPC Green Energy announced that 9.9 MW of its 92.4 MW wind power project in Bhuj, Gujarat, has become commercially operational from October 25, 2025. The project was developed by Ayana Renewable Power Four Pvt Ltd, a subsidiary of Ayana Renewable Power Pvt Ltd and a wholly owned arm of ONGC NTPC Green Pvt Ltd—a joint venture between ONGC and NGEL.

Q1 results

For the April-June quarter of FY26, NTPC Green Energy reported a 59% year-on-year jump in net profit to ₹220 crore from ₹138 crore a year ago. Revenue rose 17.6% to ₹680 crore, while EBITDA increased 17.8% to ₹603 crore. The company maintained strong profitability, with EBITDA margin stable at 88.6%, despite higher expenses.