# NTPC Green Energy (NTPCGREEN) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/ntpcgreen

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹82.9
- Change: -0.94%
- As of: 2026-11-06
- 1D return: -0.94%
- 5D return: +0.56%
- 1M return: -8.70%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

NTPCGREEN closed at ₹82.90 on 2026-11-06, trading in a tight range between its recent low of ₹82.29 and high of ₹84.15. The daily technical structure is bearish: the price sits below all key moving averages (20-day, 50-day, 200-day) and the Supertrend indicator, which points down with an established trend strength (ADX 27.37). Momentum indicators confirm this pressure, with the Minus DI (28.12) significantly outweighing the Plus DI (16.49). Despite this daily weakness, the monthly chart shows a bullish Supertrend direction, suggesting a longer-term structural divergence that has yet to be resolved by price action.

Recent price anomalies highlight volatility, with three upward gaps recorded in late October and early November, including an extreme gap on 2026-11-02 (+1.2%, Z-score 5.19). However, these gaps have not translated into sustained upside; the stock remains near the lower end of its 252-day range (+9.5%) and has suffered a current drawdown of -35.3%. Immediate resistance lies at ₹84.27 (pivot, +1.66%), while support is closely held at ₹82.87 (-0.04%). An active monthly Inside Bar pattern suggests consolidation, but without a break above the daily moving averages, the path of least resistance remains downward.

- Daily trend is bearish with price below all major MAs and Supertrend; ADX 27.37 indicates established downward momentum.
- Monthly timeframe shows conflicting signals: Supertrend is bullish despite price being below monthly MAs.
- Key resistance at ₹84.27 (+1.66%); immediate support at ₹82.87 (-0.04%).
- Stock trades near 252-day range lows (+9.5% from bottom) with a significant -35.3% current drawdown.

- Inside Bar
- Harami
- Shooting Star
- Bearish Engulfing Reversal
- Outside Bar

### News Context

NTPC Green Energy Limited reported strong Q2 FY27 financial performance, posting a 59% year-on-year profit growth. The company did not declare an interim dividend during this period. Concurrently, management announced an aggressive expansion strategy, targeting an increase in renewable energy capacity from the current 12 gigawatts to 60 GW by 2032. This growth trajectory aligns with the parent entity, NTPC Limited, which aims for an overall installed base of 149 GW and reported its own 38.7% YoY profit increase alongside an interim dividend declaration.

- Q2 FY27 Profit Growth: NTPC Green Energy posted a 59% year-on-year increase in profits for the quarter ended November 2026.
- Dividend Policy: No interim dividend was declared by NTPC Green Energy for Q2 FY27, contrasting with its parent NTPC Limited which declared one.
- Capacity Expansion Target: The company has set a goal to scale renewable capacity from 12 GW to 60 GW by 2032.
- Parent Company Context: NTPC Limited, the parent entity, reported a 38.7% YoY profit increase for the same period.

- [NTPC Green Energy eyes 60 GW renewable capacity by 2032, expands clean tech footprint](https://news.webindia123.com/news/Articles/Business/20261104/4515869.html)
- [Top stocks to watch today: Reliance Industries, Jio Platforms, NTPC, ITC shares in focus on Monday, 2 Nov | Full list](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-reliance-industries-jio-platforms-ntpc-itc-shares-in-focus-on-monday-2-nov-full-list-11793583063816.html)
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- [NTPC vs NTPC Green Energy Q2 results 2026 compared: Which PSU wins on Q2 profit, revenue, EBITDA, dividend? Details](https://www.livemint.com/market/stock-market-news/ntpc-vs-ntpc-green-energy-q2-results-2026-compared-which-psu-wins-on-q2-profit-revenue-ebitda-dividend-details-11793422791057.html)

### Official Filings

NTPC Green Energy Limited has submitted its unaudited financial results for the half-year and quarter ended September 30, 2026, to the National Stock Exchange. The Board approved these results on October 30, 2026, following a review by the Audit Committee. For the six-month period, the company reported consolidated revenue from operations of ₹2,122.41 crore and a profit of ₹442.34 crore. The financial statements received unmodified limited-review conclusions from auditors, indicating no material misstatements were identified.

In parallel with the financial reporting, the company provided an update on the utilization of funds raised through a private placement of non-convertible securities on July 9, 2026. Of the ₹2,500 crore raised, ₹2,040 crore had been utilized by September 30, 2026. The disclosures confirm that there was no deviation or variation in the use of proceeds and that the company complied with all listed debt covenants.

On the operational front, NTPC Renewable Energy Limited, a wholly owned subsidiary, declared the fifth part (95.6 MW) of the Kalasar Solar Energy Project in Bikaner, Rajasthan, as commercially operational effective October 30, 2026. This addition brings the group’s total installed capacity to 11,424.29 MW, up from 11,328.69 MW prior to this commissioning.

- Consolidated six-month revenue from operations stood at ₹2,122.41 crore with a profit of ₹442.34 crore for the period ended September 30, 2026.
- Auditors issued unmodified limited-review reports on the unaudited standalone and consolidated financial results, confirming compliance with accounting standards and disclosure requirements.
- Utilization of issue proceeds: ₹2,040 crore out of ₹2,500 crore raised via private placement on July 9, 2026, was utilized by September 30, 2026, with no deviation reported and debt covenants complied with.
- Installed capacity increased to 11,424.29 MW following the commercial operation declaration of a 95.6 MW solar component in Rajasthan effective October 30, 2026.

- [Disclosure under Regulation 52(4) |SUBJECT: Disclosure under Regulation 52(4)](https://nsearchives.nseindia.com/content/debt/WDM/jkalita01_05112026121447_H1FY27.pdf)
- [Statement of utilization of issue proceeds |SUBJECT: Statement of utilization of issue proceeds](https://nsearchives.nseindia.com/content/debt/WDM/jkalita01_05112026121659_H1FY27.pdf)
- [Financial Results Updates |SUBJECT: Financial Results Updates](https://nsearchives.nseindia.com/content/debt/WDM/jkalita01_05112026121854_H1FY27.pdf)
- [NTPC Green Energy Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/jkalita01_30102026174848_Q2FY27NGEL-Signed.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1750142_30102026055939_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1750132_30102026055825_WEB.xml)
- [Key Performance Highlights for Quarter and six months ended 30 September 2026 |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/gauravrai02_30102026215242_Disclosure_-_KPH_Disclosure.pdf)
- [Declaration of Commercial Operation of NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Green Energy Limited w.e.f. 00:00 hrs of 30.10.2026. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/gauravrai02_29102026214653_Disclosure-29102026.pdf)
- [Financial Results |Meeting Date: 30-Oct-2026](https://nsearchives.nseindia.com/corporate/gauravrai02_22102026152722_NGELPriorIntimation.pdf)
- [NTPC GREEN ENERGY LIMITED has informed the Exchange about Board Meeting to be held on 30-Oct-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Half Yearly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_24518_WebXMLFile_20261022_153314583.xml)

### Fundamentals

NTPC Green Energy is in a high-growth capital expansion phase, evidenced by a sharp rise in revenue and operating profit alongside significant balance-sheet leverage. For the six months ending September 2026, revenue grew to ₹1,107 crore (Q1) and ₹938 crore (Q2), with year-on-year sales growth accelerating to 53% in Q2. Operating profit surged to ₹830 crore in Q2, up from ₹419 crore a year prior. However, profitability metrics remain under pressure: Return on Equity (ROE) was just 3% for the last year, and Return on Capital Employed (ROCE) declined to 4% in March 2026.

The company’s financial health reflects its aggressive expansion. Total assets jumped to ₹66,823 crore as of September 2026, driven by Property, Plant & Equipment rising to ₹41,550 crore and Capital Work in Progress at ₹17,010 crore. This capex intensity is funded largely by debt; borrowings increased to ₹37,742 crore by September 2026, and finance costs rose sequentially to ₹378 crore in Q2 FY2026-27. While cash conversion improved—with CFO/EBITDA at 97% in March 2026 and the Cash Conversion Cycle tightening to 78 days—the heavy interest burden continues to weigh on net margins. Net profit fell sharply to ₹138 crore in Q2 from ₹305 crore in Q1, highlighting sensitivity to financing costs during this build-out period.

- Revenue momentum is strong with YoY sales growth reaching 53% in Q2 FY2026-27, but sequential revenue decreased from ₹1,107 crore in Q1 to ₹938 crore in Q2.
- Balance sheet leverage is increasing significantly; borrowings rose to ₹37,742 crore by Sep 2026, and finance costs climbed to ₹378 crore in Q2 FY2026-27.
- Capital expenditure remains intense with Fixed Assets growing to ₹41,551 crore and CWIP at ₹17,010 crore, yet ROCE has declined to 4% (Mar 2026).
- Next checkpoint: Monitor whether operational profits can sustainably outpace the rising interest expenses (₹1,187 crore TTM) to improve net margins.

### Bull Case

NTPC Green Energy presents a conditional upside case anchored in aggressive capacity expansion and strong recent profitability, despite a bearish short-term price trend. The company has set a target to increase renewable energy capacity from 12 gigawatts to 60 GW by 2032, aligning with its parent entity’s goal of a 149 GW installed base. This strategic scale-up supports long-term revenue visibility. Financially, the company posted a 59% year-over-year profit growth in Q2 FY27, outpacing the 38.7% YoY profit increase reported by its parent, NTPC Limited, during the same period. While the stock has declined 35.0% since the start of the tracking period and trades below key moving averages on daily timeframes, the monthly technical trend remains bullish. The constructive case holds if the market recognizes the disparity between rapid earnings growth and current valuation compression.

- Capacity Expansion: Target to grow renewable capacity from 12 GW to 60 GW by 2032, supporting long-term operational scale.
- Profit Growth: Reported 59% YoY profit growth in Q2 FY27, significantly higher than the parent company’s 38.7% increase.
- Technical Divergence: Monthly trend is bullish (Supertrend direction: bullish), contrasting with the bearish daily and weekly trends.
- Valuation Context: Stock is down 35.0% since the start of the period with a current drawdown of -35.3%, creating potential entry points if growth continues.

- [NTPC Green Energy eyes 60 GW renewable capacity by 2032, expands clean tech footprint](https://news.webindia123.com/news/Articles/Business/20261104/4515869.html)
- [Top stocks to watch today: Reliance Industries, Jio Platforms, NTPC, ITC shares in focus on Monday, 2 Nov | Full list](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-reliance-industries-jio-platforms-ntpc-itc-shares-in-focus-on-monday-2-nov-full-list-11793583063816.html)
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- [NTPC vs NTPC Green Energy Q2 results 2026 compared: Which PSU wins on Q2 profit, revenue, EBITDA, dividend? Details](https://www.livemint.com/market/stock-market-news/ntpc-vs-ntpc-green-energy-q2-results-2026-compared-which-psu-wins-on-q2-profit-revenue-ebitda-dividend-details-11793422791057.html)
- [Disclosure under Regulation 52(4) |SUBJECT: Disclosure under Regulation 52(4)](https://nsearchives.nseindia.com/content/debt/WDM/jkalita01_05112026121447_H1FY27.pdf)
- [Statement of utilization of issue proceeds |SUBJECT: Statement of utilization of issue proceeds](https://nsearchives.nseindia.com/content/debt/WDM/jkalita01_05112026121659_H1FY27.pdf)
- [Financial Results Updates |SUBJECT: Financial Results Updates](https://nsearchives.nseindia.com/content/debt/WDM/jkalita01_05112026121854_H1FY27.pdf)
- [NTPC Green Energy Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/jkalita01_30102026174848_Q2FY27NGEL-Signed.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1750142_30102026055939_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1750132_30102026055825_WEB.xml)

### Bear Case

NTPC Green Energy faces significant near-term technical weakness and valuation pressure, evidenced by a current drawdown of -35.3% from its peak and a maximum drawdown of -36.6%. The stock has declined 23.4% over the past six months and 16.8% year-over-year, with year-to-date performance at -12.9%. Daily momentum indicators are bearish, featuring a downward-sloping 20-day EMA (-1.31) and SMA (-1.74), alongside an ADX of 27.37 suggesting active selling pressure. Despite posting 59% profit growth in Q2 FY27 without declaring a dividend, the market has not rewarded this operational improvement, highlighting a disconnect between earnings and price action. High volatility (31.5% annualized) and downside deviation (18.5%) indicate elevated risk for investors holding positions during this consolidation phase.

- Severe underperformance: Stock is down 23.4% over 6 months and 16.8% YoY, with a current drawdown of -35.3% from recent highs.
- Bearish daily momentum: Technical indicators show negative slopes for both 20-day EMA (-1.31) and SMA (-1.74), with a bearish Supertrend direction.
- High volatility risk: Annualized volatility stands at 31.5% with a downside deviation of 18.5%, signaling unstable price behavior.
- Earnings-price divergence: Despite 59% Q2 FY27 profit growth, the lack of dividend declaration coincides with continued price erosion.

- [NTPC Green Energy eyes 60 GW renewable capacity by 2032, expands clean tech footprint](https://news.webindia123.com/news/Articles/Business/20261104/4515869.html)
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- [NTPC vs NTPC Green Energy Q2 results 2026 compared: Which PSU wins on Q2 profit, revenue, EBITDA, dividend? Details](https://www.livemint.com/market/stock-market-news/ntpc-vs-ntpc-green-energy-q2-results-2026-compared-which-psu-wins-on-q2-profit-revenue-ebitda-dividend-details-11793422791057.html)
- [Disclosure under Regulation 52(4) |SUBJECT: Disclosure under Regulation 52(4)](https://nsearchives.nseindia.com/content/debt/WDM/jkalita01_05112026121447_H1FY27.pdf)
- [Statement of utilization of issue proceeds |SUBJECT: Statement of utilization of issue proceeds](https://nsearchives.nseindia.com/content/debt/WDM/jkalita01_05112026121659_H1FY27.pdf)
- [Financial Results Updates |SUBJECT: Financial Results Updates](https://nsearchives.nseindia.com/content/debt/WDM/jkalita01_05112026121854_H1FY27.pdf)
- [NTPC Green Energy Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/jkalita01_30102026174848_Q2FY27NGEL-Signed.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1750142_30102026055939_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1750132_30102026055825_WEB.xml)

### FAQs

**What are NTPC Green Energy's latest financial results and profit growth for the half-year ended September 30, 2026?**

For the six months ended September 30, 2026, NTPC Green Energy reported consolidated revenue from operations of ₹2,122.41 crore and a profit of ₹442.34 crore. The company posted a 59% year-on-year profit growth for Q2 FY27, contrasting with its parent NTPC Limited which reported a 38.7% YoY profit increase.

**How has the company utilized the proceeds from its recent private placement of non-convertible securities?**

Following a private placement raised on July 9, 2026, the company had utilized ₹2,040 crore out of the total ₹2,500 crore raised by September 30, 2026. The filings confirm no deviation or variation in the use of funds and certify compliance with listed debt covenants for the quarter and half-year ended September 30, 2026.

**What is the long-term capacity expansion target set by NTPC Green Energy?**

NTPC Green Energy has set a target to increase its renewable energy capacity from the current 12 gigawatts to 60 GW by 2032. This expansion aligns with the parent entity NTPC Limited's goal of achieving an overall installed base of 149 gigawatts.

**What does the technical trend indicate about the stock's price action as of November 6, 2026?**

As of November 6, 2026, the daily technical trend is bearish, with the stock trading at ₹82.90 after a -0.9% one-day return. The stock is down -12.9% year-to-date and -16.8% over the past year, with a current drawdown of -35.3%. Key resistance levels are noted at ₹84.27 and ₹85.10.

- [NTPC Green Energy eyes 60 GW renewable capacity by 2032, expands clean tech footprint](https://news.webindia123.com/news/Articles/Business/20261104/4515869.html)
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- [NTPC vs NTPC Green Energy Q2 results 2026 compared: Which PSU wins on Q2 profit, revenue, EBITDA, dividend? Details](https://www.livemint.com/market/stock-market-news/ntpc-vs-ntpc-green-energy-q2-results-2026-compared-which-psu-wins-on-q2-profit-revenue-ebitda-dividend-details-11793422791057.html)
- [Disclosure under Regulation 52(4) |SUBJECT: Disclosure under Regulation 52(4)](https://nsearchives.nseindia.com/content/debt/WDM/jkalita01_05112026121447_H1FY27.pdf)
- [Statement of utilization of issue proceeds |SUBJECT: Statement of utilization of issue proceeds](https://nsearchives.nseindia.com/content/debt/WDM/jkalita01_05112026121659_H1FY27.pdf)
- [Financial Results Updates |SUBJECT: Financial Results Updates](https://nsearchives.nseindia.com/content/debt/WDM/jkalita01_05112026121854_H1FY27.pdf)
- [NTPC Green Energy Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/jkalita01_30102026174848_Q2FY27NGEL-Signed.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1750142_30102026055939_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1750132_30102026055825_WEB.xml)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Strong Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹84.27
- Risk regime: Higher Price Risk

### Support levels
- 79
- 82.86666666666665
- 82.04333333333332

### Resistance levels
- 91.35625
- 100.0578125
- 104.5

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.94% |
| return_10 | +2.08% |
| return_1m | -8.02% |
| return_1y | -16.79% |
| return_20 | -8.70% |
| return_3m | -9.23% |
| return_5 | +0.56% |
| return_6m | -23.38% |
| return_since_start | -35.04% |
| return_ytd | -12.93% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -36.64% |
| annualized_volatility | +31.49% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# NTPC Green Energy Limited Q2 FY2026-27: Pre-tax profit drops 63% sequentially

NTPC Green Energy reported consolidated revenue of ₹938 crore for Q2 FY2026-27, down 15.2% from Q1, while expenses rose 12.0% to ₹876 crore. Profit before tax fell 63.2% to ₹125 crore, though it remained 17.9% above Q2 FY2025-26.

## Revenue fell as expenses continued to rise

Revenue from operations declined from ₹1,107 crore in Q1 FY2026-27 to ₹938 crore in Q2. It had risen from ₹653 crore in Q3 FY2025-26 to ₹913 crore in Q4, then reached ₹1,107 crore in Q1. Q2 revenue was 53.2% higher than the ₹612 crore recorded in Q2 FY2025-26.

Expenses increased for a third consecutive quarter, from ₹713 crore in Q4 FY2025-26 to ₹782 crore in Q1 FY2026-27 and ₹876 crore in Q2. The contrasting sequential movements in revenue and expenses coincided with the decline in pre-tax profit.

## Finance costs and profit

Finance costs rose 17.6% sequentially to ₹378 crore in Q2, from ₹322 crore in Q1 FY2026-27. They had increased from ₹230 crore in Q3 FY2025-26 to ₹257 crore in Q4. Q2 finance costs were 82.7% higher than the ₹207 crore recorded in Q2 FY2025-26.

Profit before tax was ₹125 crore, down from ₹339 crore in Q1 FY2026-27 but up from ₹106 crore in Q2 FY2025-26. Tax expense declined 55.7% sequentially to ₹28 crore from ₹63 crore. Profit for the period was ₹138 crore, 54.9% below Q1’s ₹305 crore; profit from continuing operations was ₹97 crore, compared with ₹276 crore in Q1.

## Assets and borrowings expanded

Total assets stood at ₹66,823 crore on 30 September 2026, up from ₹60,382 crore on 31 March 2026 and ₹48,414 crore on 30 September 2025. Property, plant and equipment was ₹41,550 crore, while capital work in progress was ₹17,010 crore at the September quarter-end.

Noncurrent borrowings rose to ₹34,607 crore at 30 September 2026, from ₹28,637 crore at 31 March 2026 and ₹19,709 crore at 30 September 2025. Equity stood at ₹19,691 crore.

## Key Takeaway

Q2 marked a sharp sequential pullback in earnings as revenue declined and expenses and finance costs increased. Pre-tax profit remained above its year-earlier level, while the larger asset base and higher noncurrent borrowings underscore the scale of the company’s ongoing balance-sheet expansion.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +89.01%
- FII holding: +1.58%
- DII holding: +5.29%
- Mutual fund holding: +4.04%
- Retail holding: +3.46%
- Promoter pledged: +0.00%

### Major reported shareholders

- NTPC LIMITED — +89.01% (Bodies Corporate)
- NIPPON LIFE INDIA TRUSTEE LTD.-A/C NIPPON INDIA ACTIVE MOMENTUM FUND — +3.31%
- LIFE INSURANCE CORPORATION OF INDIA — +1.20%

## Official filings

- 2026-11-05 — Generic Announcement: NTPC Green Energy Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/jkalita01_05112026121447_H1FY27.pdf)
- 2026-11-05 — Generic Announcement: NTPC Green Energy Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/jkalita01_05112026121659_H1FY27.pdf)
- 2026-11-05 — Generic Announcement: NTPC Green Energy Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/jkalita01_05112026121854_H1FY27.pdf)
- 2026-10-30 — Generic Announcement: NTPC Green Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/jkalita01_30102026174848_Q2FY27NGEL-Signed.pdf)
- 2026-10-30 — Financial Results Filing: NTPC Green Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1750142_30102026055939_WEB.xml)
- 2026-10-30 — Financial Results Filing: NTPC Green Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1750132_30102026055825_WEB.xml)
- 2026-10-30 — Generic Announcement: NTPC Green Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/gauravrai02_30102026215242_Disclosure_-_KPH_Disclosure.pdf)
- 2026-10-29 — Generic Announcement: NTPC Green Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/gauravrai02_29102026214653_Disclosure-29102026.pdf)
- 2026-10-22 — Board Meeting Notice: NTPC Green Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/gauravrai02_22102026152722_NGELPriorIntimation.pdf)
- 2026-10-22 — Generic Announcement: NTPC Green Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_24518_WebXMLFile_20261022_153314583.xml)
- 2026-10-22 — Board Meeting Notice: NTPC Green Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_24518_WebXMLFile_20261022_153314583.xml)
- 2026-10-16 — Generic Announcement: NTPC Green Energy Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/jkalita01_16102026164354_NGEL_Series-_I_RD_Int_NSE_signed.pdf)
- 2026-10-14 — Generic Announcement: NTPC Green Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/gauravrai02_14102026103229_Disclsoure_under_Reg_74.pdf)
- 2026-10-13 — Shareholding Disclosure: NTPC Green Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1736696_13102026125628_WEB.xml)
- 2026-10-09 — Generic Announcement: NTPC Green Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/gauravrai02_09102026212923_Disclosure09102026.pdf)
- 2026-10-07 — Generic Announcement: NTPC Green Energy Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/jkalita01_07102026173834_Statement_of_Outstanding_Privately_Placed_Debt_Securities_Sep_2026.pdf)
- 2026-09-30 — Generic Announcement: NTPC Green Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/gauravrai02_30092026230722_STXDisclosure30092026_Signed.pdf)
- 2026-09-29 — Generic Announcement: NTPC Green Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/igsingh_29092026222320_STXDisclosure29092026_Signed.pdf)
- 2026-09-26 — Generic Announcement: NTPC Green Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/igsingh_26092026085453_STXDISCLOSURE26092026_Signed.pdf)
- 2026-09-23 — Generic Announcement: NTPC Green Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/gauravrai02_23092026104743_STXDisclosure23092026_Signed.pdf)
- 2026-09-23 — Generic Announcement: NTPC Green Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_24518_WebXMLFile_20260923_105112281.xml)
- 2026-09-21 — Generic Announcement: NTPC Green Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/gauravrai02_21092026225148_STXDisclosure21092026_Signed.pdf)
- 2026-09-19 — Generic Announcement: NTPC Green Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/igsingh_19092026095931_STXDisclosure19092026_Signed.pdf)
- 2026-09-18 — Generic Announcement: NTPC Green Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/igsingh_18092026212453_STXDisclosure18092026_Signed.pdf)
- 2026-09-16 — Generic Announcement: NTPC Green Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/gauravrai02_16092026132222_STXDisclosure16092026.pdf)

## News and market events

- 2026-11-04 — NEWS.WEBINDIA123.COM: **NTPC Green Energy eyes 60 GW renewable capacity by 2032, expands clean tech footprint** — NTPC Green Energy Limited has set a target to increase its renewable energy capacity from 12 gigawatts to 60 GW by 2032. This expansion aligns with parent entity NTPC Limited's goal of achieving an overall installed base of 149 gigawatts. — [Source](https://news.webindia123.com/news/Articles/Business/20261104/4515869.html)
- 2026-11-02 — Mint: **Top stocks to watch today: Reliance Industries, Jio Platforms, NTPC, ITC shares in focus on Monday, 2 Nov | Full list** — Shares of ITC, Marico, NALCO, NLC India, Container Corporation of India, and Tata Investment Corporation are scheduled to release their Q2 FY2026 financial results on Monday, November 2, 2026. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-reliance-industries-jio-platforms-ntpc-itc-shares-in-focus-on-monday-2-nov-full-list-11793583063816.html)
- 2026-11-02 — Economic Times: **Stocks in news: Reliance Industries, Jio Platforms, M&M, CDSL, ITC, NTPC, IOCL and Hero MotoCorp** — Several major Indian companies reported their quarterly earnings results, with Reliance Industries, Jio Platforms, NTPC Green Energy, CDSL, NTPC, Bank of Baroda, GAIL, Bharat Electronics, and Mahindra & Mahindra showing profit growth, while Sun Pharma reported a decline due to exceptional charges. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-reliance-industries-jio-platforms-mm-cdsl-itc-ntpc-iocl-and-hero-motocorp/articleshow/135432220.cms)
- 2026-10-31 — Mint: **NTPC vs NTPC Green Energy Q2 results 2026 compared: Which PSU wins on Q2 profit, revenue, EBITDA, dividend? Details** — NTPC Limited and its subsidiary NTPC Green Energy Limited announced their Q2 FY27 results, with NTPC reporting a 38.7% YoY profit increase and declaring an interim dividend, while NTPC Green Energy posted a 59% profit growth without declaring a dividend. — [Source](https://www.livemint.com/market/stock-market-news/ntpc-vs-ntpc-green-energy-q2-results-2026-compared-which-psu-wins-on-q2-profit-revenue-ebitda-dividend-details-11793422791057.html)
- 2026-10-30 — FREEPRESSJOURNAL.IN: **NTPC Green Energy Q2 Profit Jumps 59% To ₹137.5 Crore, Revenue Surges 53%** — NTPC Green Energy Limited posted strong annual growth with Q2 FY27 consolidated net profit rising 59.2% YoY to Rs 137.5 crore and revenue from operations increasing 53.2% to Rs 938.16 crore, though earnings weakened sequentially compared to the previous quarter. — [Source](https://www.freepressjournal.in/business/ntpc-green-energy-q2-profit-jumps-59-to-1375-crore-revenue-surges-53)
- 2026-10-30 — The Hindu: **NTPC Green Energy begins commercial operation of 95.6 MW of Kalasar solar project in Rajasthan** — NTPC Green Energy announced the commercial operation of a 95.6 MW capacity portion of the Kalasar Solar Energy Project in Bikaner, Rajasthan, effective October 30, 2026. This development increases the total installed capacity of the NTPC group to 91,668 MW and its commercial capacity to 90,588 MW. — [Source](https://www.thehindubusinessline.com/companies/ntpc-green-energy-begins-commercial-operation-of-956-mw-of-kalasar-solar-project-in-rajasthan/article71644239.ece)
- 2026-10-29 — BUSINESSTODAY: **Tata Power, NTPC Green, Torrent Power, NTPC, Power Grid, JSW Energy, IEX shares: Check ratings, targets** — Ambit Institutional Equities has identified Tata Power Company, NTPC, JSW Energy, Torrent Power and Power Grid among its preferred power stocks, citing the prospect of another major investment cycle in India's power sector. — [Source](https://www.businesstoday.in/markets/stocks/story/tata-power-ntpc-green-torrent-power-ntpc-power-grid-jsw-energy-iex-shares-check-ratings-targets-564495-2026-10-29)
- 2026-10-21 — Mint: **Acme Solar vs NTPC Green: Renewable stocks in focus - Check what Nomura prefers | Share price target, outlook** — Nomura initiated coverage on Acme Solar with a Buy rating and ₹505 target, citing its battery-storage plans, dispatchable renewable projects and development pipeline. It rated NTPC Green Energy Neutral at ₹100, balancing growth potential against transmission constraints and execution risks. — [Source](https://www.livemint.com/market/stock-market-news/acme-solar-vs-ntpc-green-renewable-stocks-in-focus-check-what-nomura-prefers-share-price-target-outlook-11792573553843.html)
- 2026-10-21 — BUSINESSTODAY: **Acme Solar, NTPC Green shares: Nomura initiates coverage, targets suggest up to 21% upside** — stocks to buy, NTPC Green share price, Acme Solar share price — [Source](https://www.businesstoday.in/markets/stocks/story/acme-solar-ntpc-green-shares-nomura-initiates-coverage-targets-suggest-up-to-21-upside-562669-2026-10-21)
- 2026-10-07 — BUSINESSTODAY: **Suzlon, Waaree, NTPC Green, ACME Solar share price targets; rising power demand may drive Q2** — Suzlon share price, Suzlon share, Suzlon target price, Waaree share price, Waaree shares, Waaree Energies share price today, NTPC Green shares, ACME Solar share price target, Suzlon share price target 2026 — [Source](https://www.businesstoday.in/markets/stocks/story/suzlon-waaree-ntpc-green-acme-solar-share-price-targets-rising-power-demand-may-drive-q2-560092-2026-10-07)
- 2026-10-07 — DECCANCHRONICLE.COM: **Keralam, NTPC To Set Up 2,000-MW Battery Storage System At Kayamkulam** — Keralam Chief Minister V D Satheesan on Wednesday said that several important decisions, including on setting up a dedicated power plant in the state, were taken in a meeting with NTPC CMD recently. — [Source](https://www.deccanchronicle.com/southern-states/kerala/cm-satheesan-ntpc-cmd-meeting-key-decisions-taken-to-address-keralams-power-needs-1993799)
- 2026-10-07 — The Hindu: **Keralam to join hands with NTPC to set up 2,000-MW battery energy storage system at Kayamkulam** — Kerala to partner with NTPC on a 2,000 MWh BESS at Kayamkulam, seeking a dedicated plant and timely energy security measures. — [Source](https://www.thehindu.com/news/national/kerala/keralam-to-join-hands-with-ntpc-to-set-up-2000-mw-battery-energy-storage-system-at-kayamkulam/article71554410.ece)
- 2026-10-01 — Mint: **Top stocks to watch today: Infosys, IRFC, Muthoot Finance among shares in focus on Thursday, 1 Oct | Full list** — Top stocks to watch on Thursday, 1 October: Infosys, HDFC Bank, Acme Solar, Muthoot Finance, Jio Financial Services, IRFC among shares that will remain in focus on Thursday. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-and-why-infosys-irfc-muthoot-finance-among-shares-in-focus-on-thursday-1-oct-full-list-11790817912219.html)
- 2026-10-01 — CNBC-TV18: **PM Dhara Scheme Unveiled - These stocks could be the likely beneficiaries** — Power Grid will be another potential beneficiary of this scheme, along with cables and power companies such as KEI Industries, Polycab, and others due to their Medium Voltage Power Cables (MV), and Extra High Voltage (EHV) power cables capabilities. — [Source](https://www.cnbctv18.com/market/pm-dhara-scheme-likely-beneficiaries-power-grid-ge-vernova-power-grid-polycab-cap-goods-share-price-capex-timeline-objectives-20002551.htm)
- 2026-09-30 — BUSINESSTODAY: **NTPC Green Energy. Juniper Green Energy announce capacity additions; stocks in focus** — Juniper Green Energy Ltd, NTPC Green Energy Ltd, Juniper Green Energy share price, NTPC Green Energy share price, BESS, Battery Energy Storage System, Bikaner Phase II, renewable energy, solar power, NTPC Renewable Energy, renewable energy stocks, solar capacity, energy storage — [Source](https://www.businesstoday.in/markets/stocks/story/ntpc-green-energy-juniper-green-energy-announce-capacity-additions-stocks-in-focus-558659-2026-09-30)
- 2026-09-30 — BUSINESSTODAY: **GIFT Nifty down 81 points; Gland Pharma, Tata Steel, Adroit, Elevate, SAIL among top stocks in focus** — Stocks in news, Stocks in buzz, Stocks to watch, Stocks to buy, GIFT Nifty, GIFT Nifty cues, GIFT Nifty signals, GIFT Nifty today, Gland Pharma, Tata Steel, Elevate Campuses, SAIL, Power Mech Projects, ArMee Infotech, Avalon Tech, Swastika Infra, Adroit Industries, NTPC Green Energy, NLC India, Juniper Green Energy, KSB, ArisInfra Solutions, Inox Green, Ganesh Benzoplast — [Source](https://www.businesstoday.in/markets/stocks/story/gift-nifty-down-81-points-gland-pharma-tata-steel-adroit-elevate-sail-among-top-stocks-in-focus-558653-2026-09-30)
- 2026-09-30 — The Hindu: **Inox Clean Energy files for ₹10,000 crore IPO** — Inox Clean Energy files for a ₹10,000 crore IPO, including ₹8,000 crore fresh shares and up to ₹2,000 crore offer for sale. — [Source](https://www.thehindubusinessline.com/markets/inox-clean-energy-files-for-10000-crore-ipo-to-tap-clean-energy-growth/article71526534.ece)
- 2026-09-28 — The Hindu: **Two dozen stocks, including NMDC, Adani Power, NTPC Green, Sedemac, Aditya Infotech, TVS Motor, Chemplast, will remain in focus on Monday** — Stocks in focus Monday: NMDC, NTPC Green, Adani Power, TVS Motor, with updates from iron ore and energy, manufacturing launches, and regulatory moves — [Source](https://www.thehindubusinessline.com/markets/two-dozen-stocks-including-nmdc-adani-power-ntpc-green-sedemac-aditya-infotech-tvs-motor-chemplast-will-remain-in-focus-on-monday/article71518148.ece)
- 2026-09-26 — CNBC-TV18: **NTPC Green Energy adds 81.34 MW solar capacity in Rajasthan** — NTPC Green Energy Ltd announces commercial operation of the first 81.34 MW capacity of its Kalasar Solar Energy Project in Bikaner, Rajasthan. — [Source](https://www.cnbctv18.com/market/ntpc-green-energy-adds-81-mw-solar-capacity-in-rajasthan-19999076.htm)
- 2026-09-26 — BUSINESS: **NTPC Green Energy commissions 81.34 MW solar capacity at Bikaner, Rajasthan** — The current commercial capacity of NTPC Green Energy Limited group stands at 10,977.23 MW. With the addition of this capacity, the total installed capacity of the NTPC Green Energy group increases to 11,058.57 MW. — [Source](https://www.business-standard.com/markets/capital-market-news/ntpc-green-energy-commissions-81-34-mw-solar-capacity-at-bikaner-rajasthan-126092600263_1.html)
- 2026-09-25 — Economic Times: **Inox Clean Energy likely to file Rs 10,000 crore IPO with Sebi** — Inox Clean Energy is set to launch a ₹10,000 crore IPO by filing a draft red herring prospectus, potentially marking the largest IPO in the Indian private renewable energy sector to date. This deal will consist of new shares issued as well as a sale of existing shares. The company had earlier withdrawn a DRHP but has since seen significant growth in its renewable energy and solar manufacturing operations. — [Source](https://economictimes.indiatimes.com/markets/ipos/fpos/inox-clean-energy-set-to-file-rs-10000-crore-ipo-with-sebi/articleshow/134472240.cms)
- 2026-09-24 — BUSINESS: **NTPC Green Energy Ltd soars 0.23%, gains for fifth straight session** — NTPC Green Energy Ltd is quoting at Rs 95.64, up 0.23% on the day as on 12:44 IST on the NSE. The stock is down 5.98% in last one year as compared to a 6.9% jump in NIFTY and a 6.19% jump in the Nifty Energy. — [Source](https://www.business-standard.com/markets/capital-market-news/ntpc-green-energy-ltd-soars-0-23-gains-for-fifth-straight-session-126092400616_1.html)
- 2026-09-22 — Economic Times: **NSE pays 20 banks Rs 186 crore in fees for India IPO** — The National Stock Exchange paid ₹186 crore to 20 advisory banks for its $2.4 billion IPO. At 0.82% of the total issue, the fee structure remains well below Indias market average, despite the IPO drawing strong institutional demand with a 5.7x overall subscription. — [Source](https://economictimes.indiatimes.com/markets/ipos/fpos/nse-pays-20-banks-186-crore-rupees-in-fees-for-india-ipo/articleshow/134409071.cms)
- 2026-09-22 — MONEYCONTROL: **NSE pays 20 banks Rs 1.86 billion in fees for India IPO** — NSE, IPO news, NSE IPO, National Stock Exchange, India's biggest IPO, JPMorgan, India’s most anticipated IPOs, Morgan Stanley — [Source](https://www.moneycontrol.com/news/business/markets/nse-pays-20-banks-rs-1-86-billion-in-fees-for-india-ipo-14035444.html)
- 2026-09-22 — MONEYCONTROL: **AI infra capex is surging 65% for India’s ‘AI Enablers’: Goldman Sachs** — AI, infrastructure, Company, IT, india, capex — [Source](https://www.moneycontrol.com/news/business/markets/ai-infra-capex-is-surging-65-for-india-s-ai-enablers-goldman-sachs-14035331.html)

## Business profile

**Strategic vision:** Develops and implements renewable energy projects across India.

### Business segments
- **Renewable Energy Development:** Focuses on the development and implementation of large-scale solar, wind, and hybrid power projects across India. Also leads the execution of Ultra Mega Renewable Energy Power Parks.

### Competitive strengths
- Subsidiary of India's largest integrated power utility.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/ntpcgreen
Markdown representation: https://faxioms.com/stocks/ntpcgreen?render=md