NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited (NGEL), has signed a Power Purchase Agreement (PPA) with PTC India Limited for the supply of 1,200 MW of solar power under a bilateral arrangement. The agreement marks one of the significant collaborations between the two companies aimed at expanding clean energy generation and supporting India’s renewable energy transition.
The partnership is expected to strengthen the country’s green power ecosystem by facilitating the supply of utility-scale solar energy through a long-term commercial arrangement. As India continues to accelerate its renewable energy capacity to meet ambitious climate and energy security goals, such large-scale bilateral agreements are playing an increasingly important role in ensuring reliable clean power for consumers and industries.
The agreement was formally exchanged in the presence of Manoj Kumar Jhawar, Managing Director and Chief Executive Officer of PTC India, J.S. Chandok, Chief Executive Officer of ONGPL, along with senior officials from NTPC Renewable Energy Limited, NTPC Green Energy Limited and PTC India. Both organisations described the partnership as a significant milestone in strengthening cooperation to promote sustainable and low-carbon energy solutions across the country.
The latest agreement comes as the NTPC Group continues to rapidly expand its renewable energy portfolio. During FY26, the group added 5,488 MW of renewable energy capacity across solar, wind and pumped storage projects, reinforcing its position as one of India’s leading clean energy developers. The company has been aggressively increasing investments in renewable projects to support the nation’s long-term objective of achieving a cleaner and more sustainable energy mix.
Financially, NTPC Green Energy Limited reported mixed results for the fourth quarter of FY26. The company’s revenue from operations increased by nearly 40% year-on-year, rising to ₹912.63 crore from ₹653.29 crore in the corresponding quarter of the previous financial year. The strong revenue growth reflects the increasing contribution of newly commissioned renewable energy assets and higher operational capacity.
However, the company also reported a decline in profitability during the quarter. Profit attributable to the owners of the parent company fell 15.5% year-on-year to ₹197.05 crore, compared with ₹233.22 crore in the same quarter last year. Despite the decline in quarterly earnings, the company continues to prioritise long-term investments in renewable infrastructure as demand for clean electricity continues to rise across India.
The 1,200 MW solar power agreement with PTC India further strengthens NTPC Green Energy’s expanding portfolio of renewable energy projects and reflects growing industry confidence in long-term clean energy procurement. As India moves towards achieving its renewable energy targets, strategic partnerships between power generators and energy trading companies are expected to play a crucial role in accelerating the country’s transition towards a low-carbon economy.
Disclaimer: This report has been editorially prepared using publicly available information and agency inputs. While every effort has been made to ensure accuracy, unintentional errors or omissions may occur. Readers are encouraged to verify critical information from official sources.
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