NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited, has signed a Power Purchase Agreement (PPA) with PTC India Limited for the sale of 1,200 MW of solar power under a bilateral arrangement.
The agreement was exchanged in the presence of PTC India Managing Director & CEO Dr. Manoj Kumar Jhawar, ONGPL CEO Dr. J. S. Chandok and other senior officials from NGEL/NTPC REL and PTC India.
The companies said the agreement marks a significant development in strengthening collaboration between the two organisations to promote clean and sustainable energy in India.
Earlier on April 17, State-run NTPC Green Energy had commissioned 150 MW of solar capacity at a 300 MW project in Rajasthan, boosting its overall renewable portfolio.
The capacity belongs to Project Sixteen Renewable Power Pvt Ltd, a step-down subsidiary of ONGC NTPC Green Pvt Ltd, the company’s joint venture, stated the exchange filing. The unit has been declared commercially operational with effect from April 18, 2026.
Q4 FY26 results
NTPC Green Energy Ltd had reported strong operational growth for the March quarter of FY26, with revenue and EBITDA rising sharply on the back of renewable energy expansion, although net profit declined year-on-year.
The state-run renewable energy company posted a net profit of ₹197.1 crore for Q4FY26, down 15.6% from ₹233.3 crore in the corresponding quarter last year.
Revenue from operations rose 46.7% year-on-year to ₹912.6 crore from ₹622.3 crore, while EBITDA increased 38.2% to ₹774.5 crore compared with ₹560.3 crore a year ago.
Shares of NTPC Green Energy ended 1.11% lower at ₹95.40 on the NSE on Friday.