NTPC Green Energy Limited has informed the Exchange that consequent upon successful commissioning, part capacity of 100 MW (Lot-6) (cumulative 400 MW) out of total 500 MW plant capacity of IRCON Renewable Power Limited (IRPL), a 24% Joint Venture of Ayana Renewable Power Private Limited, a Wholly Owned Subsidiary of ONGC NTPC Green Private Limited a 50% Joint Venture of NTPC Green Energy Limited is declared on Commercial Operation w.e.f. 00:00 Hrs. of 17.09.2025.
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NTPC Green Energy has announced that 100 MW (Lot-6) out of the total 500 MW plant capacity of IRCON Renewable Power Limited (IRPL) has been declared on commercial operation from 17 September 2025. With this, the cumulative commissioned capacity at IRPL stands at 400 MW, with the remaining 100 MW expected to come online later. IRPL is a 24% joint venture of Ayana Renewable Power, which is a wholly owned subsidiary of ONGC NTPC Green Private Limited — itself a 50:50 joint venture between ONGC and NTPC Green Energy. NTPC Green's effective economic interest in IRPL works out to about 12% through this chain of holdings.
This is a positive operational update showing steady execution of the company's renewable energy pipeline, but since NTPC Green's direct economic stake in IRPL is only around 12%, the financial impact on consolidated earnings is likely modest. Investors should watch for the final 100 MW commissioning and any update on tariffs or power purchase agreements to gauge revenue contribution.