NTPC Limited has informed stock exchanges that its wholly owned subsidiary, NTPC Green Energy Limited (NGEL), has incorporated a new subsidiary and joint venture company named Chhattisgarh NTPC Green Energy Limited. The incorporation took place on 5 December 2025, and the new entity has been formed in partnership with Chhattisgarh State Power Generation Company Limited (CSPGCL). The shareholding structure of the joint venture is 74:26, with NGEL holding 74 percent and CSPGCL holding 26 percent. Because of this majority holding, Chhattisgarh NTPC Green Energy Limited will function as a subsidiary of NGEL.
The disclosure was made through official communication sent to BSE Limited and the National Stock Exchange of India. The letters state that the incorporation has been carried out in line with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and that detailed information required under the SEBI Master Circular has been enclosed.
As per the company details provided, the new joint venture belongs to the renewable energy industry. Its objective is to develop, operate, and maintain renewable energy parks and projects in the state of Chhattisgarh or other identified locations. The focus will include solar, wind, and hybrid projects with capacities up to 2 GW. The company will also work on identifying reservoirs suitable for the development of floating solar projects, indicating an interest in expanding clean energy options beyond conventional ground-mounted installations.
The document further states that concurrence for the incorporation was received from DIPAM through a letter dated 23 April 2025. NGEL has subscribed to 74,000 equity shares of the new company at a face value of Rs 10 each, and the consideration for the share subscription is in cash. This update has been shared for information and records of investors and stakeholders.
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