NTPC Limited has announced the incorporation of its new wholly-owned subsidiary, **NTPC (Mauritius) Energy Limited**, in Mauritius as part of its strategy to expand its presence in the international power sector. The new company was officially incorporated on June 26, 2026, and the development was disclosed to the BSE Limited and the National Stock Exchange of India Limited in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The newly established subsidiary has been incorporated with an initial capital of 1,000,000 Mauritius Rupees (MUR 1 million), which is approximately equal to INR 19.8 lakh. NTPC Limited has subscribed to the entire share capital in cash, making it the sole owner of the company with 100 percent ownership and control. Since the company has just been incorporated, details regarding its turnover and operational size are not yet available.
The main purpose of setting up NTPC (Mauritius) Energy Limited is to undertake power sector projects in Mauritius and other international opportunities. The company will initially focus on developing a proposed Floating Solar Photovoltaic (FSPV) project integrated with a Battery Energy Storage System (BESS). The subsidiary will also explore and develop other power generation projects and carry out related business activities in the energy sector within Mauritius.
The incorporation of the subsidiary follows approvals received from the Ministry of Power, the Department of Investment and Public Asset Management (DIPAM), and the Registrar of Companies in Mauritius. The move is part of NTPC’s broader plan to strengthen its presence in global clean energy markets and expand its renewable energy portfolio beyond India.
This latest development also follows an earlier corporate announcement made by NTPC on December 23, 2025, in which the company had informed investors about its proposal to establish the overseas subsidiary. The successful incorporation marks the completion of that plan and represents another step in NTPC’s international growth strategy.
The official disclosure regarding the incorporation was digitally signed by Ritu Arora, Company Secretary and Compliance Officer of NTPC Limited, from the company’s corporate office in New Delhi.
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