NTPC Green Energy Limited has informed the Exchange regarding a press release titled NTPC Green Energy Limited (NGEL), Signs MoU with PTC India Limited for Collaboration in Sale of Renewable Energy Power.
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NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, signed a Memorandum of Understanding (MoU) with PTC India Limited on 31 March 2026. The MoU is aimed at exploring possibilities for selling renewable energy power to PTC India through bilateral arrangements and other market mechanisms. The agreement was signed by NGEL's CEO Sarit Maheshwari and PTC's CMD Dr. Manoj Kumar Jhawar in the presence of senior officials from both sides. No financial terms, volumes, or binding commitments have been disclosed at this stage, as the MoU is exploratory in nature.
This is a preliminary, non-binding exploration of a business tie-up and is unlikely to move the stock in the near term. However, it signals NGEL's intent to widen its offtake channels for renewable energy by leveraging PTC's power trading platform, which could support long-term revenue diversification once concrete terms are finalised.