NTPC Green Energy Ltd has started commercial operations of 37.925 MW of solar capacity at its Khavda solar energy project in Gujarat, the company said on Wednesday, December 17.In an exchange filing, the company said the fifth part-capacity of the 300 MW Khavda Solar project, which is part of the 450 MW Hybrid Tranche V project being executed by NTPC Renewable Energy Ltd, will become commercially operational on December 18, 2025.
NTPC Renewable Energy Ltd is a wholly owned subsidiary of NTPC Green Energy.
With the commissioning of this capacity, the commercial renewable capacity of the NTPC Green Energy group stands at 7,889.335 MW, while the group’s total installed capacity has risen to 7,927.26 MW, the company said.
The Khavda project is located in Gujarat’s Kutch district, which has emerged as a key hub for large-scale renewable energy installations, supported by high solar irradiance and strong evacuation infrastructure.NTPC Green Energy, the renewable arm of state-run NTPC Ltd, has been steadily adding solar and hybrid capacities as part of its broader push to expand clean energy generation and support India’s energy transition goals.
NTPC Renewable Energy Ltd is a wholly owned subsidiary of NTPC Green Energy.
With the commissioning of this capacity, the commercial renewable capacity of the NTPC Green Energy group stands at 7,889.335 MW, while the group’s total installed capacity has risen to 7,927.26 MW, the company said.
The Khavda project is located in Gujarat’s Kutch district, which has emerged as a key hub for large-scale renewable energy installations, supported by high solar irradiance and strong evacuation infrastructure.NTPC Green Energy, the renewable arm of state-run NTPC Ltd, has been steadily adding solar and hybrid capacities as part of its broader push to expand clean energy generation and support India’s energy transition goals.
The company reported a 131.6% year-on-year increase in net profit at ₹88 crore for the September quarter, 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.
On December 10, NTPC Green Energy announced the beginning of commercial power supply of part capacity of 6.6 MW out of the 100 MW hybrid project in Bhuj, Gujarat.
Shares of NTPC Green Energy closed 0.07% up at ₹90.33 on Wednesday, just after the announcement. The stock has dropped 29.22% in this calendar year.
