NTPC Green Energy Limited has informed the Exchange regarding a press release titled NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Green Energy Limited (NGEL) Signed Green Ammonia Purchase Agreement (GAPA) with Solar Energy Corporation Limited (SECI) for supply of Green Ammonia".
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NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy, has signed a Green Ammonia Purchase Agreement (GAPA) with Solar Energy Corporation of India (SECI) on March 30, 2026. The deal involves the supply of 70,000 Metric Tonnes Per Annum (MTPA) of Green Ammonia to Krishna Phoschem Limited in Meghnagar, Madhya Pradesh, with SECI acting as the intermediary procurer. The agreement is part of the Government of India's SIGHT Scheme under the National Green Hydrogen Mission. This marks a key milestone in NGEL's Green Hydrogen and Green Ammonia portfolio and supports India's decarbonization goals.
This is a positive development for NGEL, strengthening its green hydrogen/ammonia business pipeline and showcasing execution progress under a flagship government mission. It may boost investor confidence in the company's long-term growth in clean energy, though the near-term stock impact depends on the revenue value of the deal, which has not been disclosed.