NTPC Green Energy Limited, a subsidiary of NTPC Limited, has approved several major business decisions during its Board of Directors meeting held on May 22, 2026. The meeting, which started at 3:20 p.m. and concluded at 4:30 p.m., focused on the company’s future growth plans, financial performance, fundraising strategy, and expansion into new renewable energy partnerships.
The company submitted its audited standalone and consolidated financial results for the financial year ending March 31, 2026. According to the approved financial statements, NGEL reported stable performance in its standalone operations. The company earned total revenue from operations of ₹1,966.67 crore during FY 2025-26, slightly lower than ₹2,022.54 crore recorded in the previous financial year. Standalone profit after tax also witnessed a moderate decline, standing at ₹405.97 crore compared to ₹489.26 crore in FY 2024-25.
However, the company’s consolidated financial performance reflected strong overall business expansion. Consolidated revenue from operations increased significantly to ₹2,858.42 crore during FY 2025-26, rising from ₹2,209.64 crore in the previous year. Consolidated profit after tax also improved considerably, reaching ₹521.35 crore compared to ₹474.12 crore recorded during the earlier fiscal period. The company stated that this growth highlights the increasing scale of its renewable energy operations and expanding project portfolio across the country.
The statutory auditors reviewed the company’s financial statements and issued an unmodified opinion, confirming that the accounts present a true and fair view of the company’s financial position. The auditors also verified that proceeds from earlier issued debentures were used appropriately and in line with their intended objectives without any deviation.
To support its future renewable energy expansion plans, the board approved a major fundraising proposal. NGEL has received authorization to raise debt capital of up to ₹5,000 crore during the financial year 2026-27. The company plans to mobilize funds through the issuance of secured or unsecured, taxable or tax-free, redeemable non-convertible debentures and corporate bonds. The fundraising will take place in one or multiple tranches, depending on the company’s capital requirements and market conditions.
In another important development, the board approved the incorporation of a new joint venture company with CtrlS Datacenters Limited. The proposed partnership aims to develop renewable energy power projects dedicated to supplying green energy to digital infrastructure and data center operations. The joint venture reflects the increasing demand for sustainable power solutions within India’s fast-growing digital economy.
The company clarified that the formation of the joint venture remains subject to necessary regulatory approvals, including clearance from the Department of Investment and Public Asset Management (DIPAM) and other statutory authorities. The official filing regarding these developments was signed by the Company Secretary.
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