NTPC Green Energy Limited has informed the Exchange about Commercial Operation of part capacity of 75 MW (Lot-5) (cumulative 300 MW) out of total 500 MW plant capacity of IRCON Renewable Power Limited (IRPL), a joint venture of Ayana Renewable Power Pvt. Ltd., a wholly owned subsidiary of our joint venture ONGC NTPC Green Private Limited .
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NTPC Green Energy has informed exchanges that an additional 75 MW (Lot-5) at IRCON Renewable Power Limited (IRPL) has been declared on commercial operation effective 00:00 hrs on 6 August 2025. With this, cumulative commissioned capacity at IRPL has reached 300 MW out of the total planned 500 MW plant capacity, meaning 200 MW remains to be commissioned. IRPL is a joint venture in which Ayana Renewable Power Pvt. Ltd. holds a stake, and Ayana is a wholly owned subsidiary of ONGC NTPC Green Private Limited, itself a joint venture involving NTPC Green Energy. The remaining 200 MW is expected to come online in subsequent lots. No financial details, tariff, or capex figures have been disclosed in this filing.
This is a positive operational milestone as it adds 75 MW to the JV's commissioned renewable capacity and brings the project 60% closer to full 500 MW capacity, supporting future revenue generation. However, since IRPL is an associate through a multi-layered JV structure, the direct earnings impact on NTPC Green Energy will be limited and proportionate rather than full consolidation. Shareholders should view this as steady capacity build-out progress rather than a near-term earnings catalyst.