Awaiting price reaction for this filing.
NTPC Green Energy Limited (NGEL), a subsidiary of NTPC, declared Commercial Operation Date (COD) for two solar capacities at Khavda, Gujarat effective June 30, 2025. This includes the second tranche of 32.80 MW from the 300 MW Khavda Solar Energy Project (under the 450 MW Hybrid Tranche-V Project) and the third tranche of 64.7 MW from the 1255 MW Khavda-I Solar PV Project (under CPSU Scheme Phase-II Tranche-III). Both projects are being executed by NTPC Renewable Energy Limited (NTPC REL), a stepdown subsidiary. Earlier tranches of these projects were already commissioned in June 2025 (142.2 MW, 110.25 MW, and 146.7 MW in earlier parts). Together, 97.5 MW of new renewable capacity was added to commercial operations on the same day.
This is a routine operational milestone showing NTPC Green Energy steadily bringing its large Khavda solar capacity online, which supports its long-term renewable energy growth plan. It is incrementally positive for the green energy subsidiary's revenue potential but is part of already-known project pipelines, so likely a modest impact on NTPC's stock.