NTPC Green Share Price Jump 5% After Starting 100 MW Ircon Renewable Unit

NTPC Green Energy’s stock climbed over 5% to ₹108.75 after the company began commercial operations of a 100 MW joint venture unit under IRCON Renewable Power. By afternoon, shares cooled slightly but still traded over 2% higher at ₹105.73.

Despite this recent surge, the counter is still down 16% in 2025, while the benchmark Nifty 50 has risen 6.5%. NTPC Green Energy currently has a market value of about ₹89,909 crore.

Boost to Renewable Capacity

The new unit (Lot-6) is part of a 500 MW plant developed by IRCON Renewable Power, a joint venture of Ayana Renewable (ONGC NTPC Green subsidiary). With this addition, NTPC Green’s commercial capacity has reached 7,272.58 MW and total installed capacity 7,372.58 MW.

New Green Energy Initiatives

Earlier this month, NTPC Green signed an MoU with V.O. Chidambaranar Port Authority (VOCPA) to promote green technologies. The company plans to set up a green hydrogen fueling station at VOC Port, along with hydrogen-powered trucks, aiming to replace fossil fuel-based vehicles with clean energy alternatives.

NTPC Financial Performance

In Q1 FY26, NTPC Green’s consolidated net profit dropped 5.5% sequentially to ₹220.5 crore, even as revenue rose 9.3% to ₹680.2 crore. On a year-on-year basis, however, both revenue and profit posted strong growth of 17.6% and 59.1% respectively. Expenses grew 16.2% YoY, with finance costs rising 5.1%.

Also Read: Myntra Reports Over 1,674% Jump in Net Profit to ₹548.3 Crore in FY25!

Conclusion

The launch of the 100 MW IRCON Renewable unit strengthens NTPC Green’s renewable energy portfolio and reflects its commitment to India’s clean energy goals. While short-term profitability has seen some pressure, long-term growth remains supported by capacity additions, partnerships in green hydrogen, and a clear strategy to reach 60 GW of renewable energy by FY32. 

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