NTPC Green Energy Limited (NGEL) expanded its renewable energy portfolio beyond the 10 GW milestone during FY2025-26, while reporting improved consolidated financial performance and advancing its long-term clean energy strategy spanning battery storage and green hydrogen.
According to the company’s Annual Report 2025-26, the NGEL Group added 4,174 MW of renewable energy capacity during the financial year, taking its total operational renewable capacity to 10,076 MW as of March 31, 2026, compared to 5,902 MW a year earlier. Renewable power generation more than doubled to 14.60 billion units during the year.
On a consolidated basis, NGEL reported total income of ₹3,035.12 crore, up 23.09% from ₹2,465.70 crore in FY2024-25. Revenue from operations increased 29.36% to ₹2,858.42 crore, while profit before tax rose to ₹682.66 crore. The company posted a profit after tax (PAT) of ₹521.35 crore, reflecting a 9.96% year-on-year increase.
On a standalone basis, NGEL reported total income of ₹2,143.58 crore, with revenue from operations of ₹1,966.67 crore and profit after tax of ₹405.97 crore for FY2025-26.
The company said it is progressing toward its long-term objective of achieving 60 GW of renewable energy capacity by 2032, supported by a pipeline of renewable generation, energy storage and green hydrogen projects. Chairman and Managing Director Gurdeep Singh stated that the company is positioning itself to play a larger role in India’s clean energy transition while maintaining financial discipline and operational efficiency.
During the year, NGEL also expanded into emerging clean energy technologies. The company secured an 80 MW/320 MWh Battery Energy Storage System (BESS) project through competitive bidding and initiated tenders for 100 MWh Vanadium Redox Flow Battery projects. It also continued development of its Green Hydrogen Hub at Pudimadaka in Andhra Pradesh and secured an award under the SECI Green Ammonia programme.
The report noted that NGEL strengthened its corporate structure by incorporating two new subsidiaries during FY2025-26, taking its portfolio to six subsidiaries and four joint ventures as of March 31, 2026.
The company also highlighted that it was accorded Schedule ‘A’ Central Public Sector Enterprise (CPSE) status during the year, reflecting its growing scale and strategic importance in India’s renewable energy sector.
Looking ahead, NGEL said it would continue investing in renewable generation, energy storage, green hydrogen and digital technologies to support India’s energy transition while maintaining a focus on sustainability, governance and long-term shareholder value.
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