Shares of NTPC Green Energy Ltd are in focus after its wholly owned subsidiary NTPC Renewable Energy Ltd (NTPC REL) received approval to develop a 250 MW solar power project integrated with a Battery Energy Storage System (BESS) on defence land in Sitapur, Uttar Pradesh.
The project has been approved by Defence Minister Rajnath Singh and is being described as the first large-scale solar project with battery storage to be developed on vacant defence land for dedicated use by defence establishments.
NTPC Green Energy has a market capitalization of Rs 84,600 crore. The stock was trading at around Rs 100 and has a 52-week range of Rs 84 to Rs 119.95. It trades at a P/E ratio of about 162 times.
Power earmarked for defence establishments
According to the company, all electricity generated from the project will be supplied exclusively to defence installations across Uttar Pradesh.
The project is intended to strengthen the energy security of defence infrastructure and will operate as a captive clean energy initiative.
Battery storage to provide round-the-clock power
The project will combine solar generation with a Battery Energy Storage System.
This will help ensure continuous power supply, a key requirement for defence facilities.
The initiative also highlights the increasing use of renewable energy in strategic sectors.
About NTPC REL
NTPC Renewable Energy Ltd is a wholly owned subsidiary of NTPC Green Energy Ltd.
The company develops renewable energy projects across India through subsidiaries and joint ventures.
FY26 financial performance
On a consolidated basis, NTPC Green Energy reported:
- Total income of Rs 3,035.12 crore, compared with Rs 2,468.70 crore in FY25.
- Profit after tax of Rs 521.35 crore, up from Rs 474.12 crore a year earlier.
Q4 FY26 numbers
For the March quarter, the company reported:
- Total income of Rs 942.49 crore.
- Profit after tax of Rs 197.17 crore.
Asset base expands
As of March 2026, consolidated total assets stood at Rs 60,381.79 crore, compared with Rs 45,421.44 crore a year earlier.
The increase reflects the company’s ongoing expansion in renewable energy capacity.
TL;DR
NTPC Green Energy’s subsidiary has received approval to develop a 250 MW solar project with battery storage on defence land in Sitapur, Uttar Pradesh. The power generated will be used exclusively by defence establishments across the state.
AI Summary
- NTPC REL will develop a 250 MW solar project in Uttar Pradesh.
- The project includes a Battery Energy Storage System.
- Approval has been granted by Defence Minister Rajnath Singh.
- Power generated will be supplied exclusively to defence establishments.
- NTPC Green Energy reported FY26 PAT of Rs 521.35 crore.