NTPC Green Energy Limited (NGEL), a subsidiary of India’s leading power producer NTPC Limited, has been making significant strides in the renewable energy sector. The company’s shares have garnered considerable attention due to recent corporate actions and market movements. This article delves into the recent developments surrounding NTPC Green Energy shares, providing insights into their performance and future outlook.
NTPC Green Energy Shares React to Ayana Renewable Power Acquisition
On March 28, 2025, NTPC Green Energy’s shares experienced a downturn following the completion of a notable acquisition. The company announced that ONGC NTPC Green Private Limited (ONGPL), a 50:50 joint venture between NTPC Green Energy Limited and ONGC Green Limited, had acquired a 100% equity stake in Ayana Renewable Power Private Limited. This acquisition, valued at ₹6,248.50 crore at ₹23.22 per share, was finalized on March 27, 2025. NTPC Green’s contribution amounted to ₹3,124.25 crore, funded as an equity contribution. Despite the strategic significance of this move, NTPC Green Energy shares traded 1.60% lower at ₹101.45 apiece on the National Stock Exchange following the announcement.
NTPC Green Energy’s IPO Journey and Market Performance
NTPC Green Energy made headlines with its initial public offering (IPO) in November 2024. The company set a price band of ₹102 to ₹108 per share for its ₹10,000 crore IPO, making it India’s third-largest IPO that year. The offering received substantial interest, with bids totaling $1.83 billion, indicating strong investor confidence in the company’s renewable energy initiatives. Upon listing on November 27, 2024, NTPC Green Energy shares debuted at ₹111.50 on the NSE, a 3.2% premium over the IPO price, and subsequently rallied by 10% post-listing.
Strategic Initiatives and Capacity Expansion
In line with its ambitious goal to achieve 60 GW of renewable energy capacity by 2032, NTPC Green Energy has been actively expanding its portfolio. The acquisition of Ayana Renewable Power adds approximately 4,112 MW to its capacity, comprising 2,123 MW of operational assets and 1,989 MW under construction. Additionally, in December 2024, the company secured a 500 MW solar power project in a Solar Energy Corporation of India (SECI) auction, further bolstering its renewable energy footprint.
Financial Performance and Investor Outlook
NTPC Green Energy has demonstrated robust financial performance, with revenue from operations growing at a compound annual growth rate (CAGR) of 46.82%, from ₹910.42 crore in FY2022 to ₹1,962.60 crore in FY2024. Profit after tax also saw a significant increase, growing at a CAGR of 90.75% during the same period. These figures reflect the company’s strong operational efficiency and its pivotal role in India’s renewable energy landscape.
Conclusion
NTPC Green Energy’s recent activities, including strategic acquisitions and successful market entries, underscore its commitment to leading India’s renewable energy transition. While short-term market reactions have shown volatility, the company’s long-term prospects remain promising, driven by its expanding portfolio and strong financial performance. Investors and stakeholders will be keenly observing how NTPC Green Energy navigates the evolving energy landscape and capitalizes on emerging opportunities in the sector.
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