| Contract Capacity | 500 MWPeak Power |
|---|---|
| Market Cap | ₹77,041.93 CrUtilities Sector |
| Revenue TTM | ₹3,285.07 CrOperating Revenue |
| RSI | 43.23Neutral Zone |
| Order from | Solar Energy Corporation of India (SECI) |
Key highlights
- Secured 500 MW capacity in SECI’s 6000 MWh Assured Peak Power Tender (FDRE-IX)
- Discovered tariff for the project stands at ₹6.00 per kWh
- The e-reverse auction was conducted by SECI and concluded on August 21, 2026
- Projects will be ISTS-connected to supply power across the Indian grid
- NTPC REL is a wholly-owned subsidiary of NTPC Green Energy Limited
The SECI Award Details
NTPC Renewable Energy Limited (NTPC REL) emerged as a successful bidder in the e-reverse auction conducted by the Solar Energy Corporation of India (SECI). The company secured 500 MW of contracted capacity under the Tariff-Based Competitive Bidding process for the FDRE-IX tender. This specific tender focuses on Assured Peak Supply, requiring projects to provide a cumulative 6000 MWh of energy, structured as 1500 MW for a four-hour duration.
The discovered tariff of ₹6.00/kWh reflects the premium value of dispatchable renewable energy compared to standard intermittent solar or wind power.
Client Profile: SECI
The Solar Energy Corporation of India (SECI) serves as the primary implementing agency for the Ministry of New and Renewable Energy. It plays a pivotal role in India's transition to clean energy by facilitating large-scale auctions and acting as a central intermediary between power developers and distribution companies. By managing tenders like the FDRE-IX, SECI ensures the integration of Inter-State Transmission System (ISTS) connected projects, which are essential for balancing the national grid and meeting the increasing demand for peak-time electricity through renewable sources.
Business Impact and Strategy
This win strengthens the company's project pipeline and aligns with its objective to lead India's energy transition. By securing a Firm and Dispatchable Renewable Energy (FDRE) contract, the company moves beyond basic renewable generation into the high-value peak power segment. This capability is critical for utilities that require reliable power during high-demand hours without relying on fossil fuels.
The successful auction conclusion on August 21, 2026, marks another milestone in the company's expansion, supporting its long-term goal of becoming a major player in the global green energy landscape.
Financial and Operational Context
NTPC Green Energy exhibits a robust financial profile with an operating profit margin of 89.33% and a trailing twelve-month revenue of ₹3,285.07 crore. The company has demonstrated significant growth, with quarterly revenue increasing by 62.72% year-on-year. Despite a high price-to-earnings ratio of 126.93, its strong promoter holding of 89.01% indicates high institutional stability.
This new 500 MW order adds to a growing portfolio that aims to capitalize on India's target of achieving 500 GW of non-fossil capacity by 2030.
| Share price | ₹91.43 |
|---|---|
| Market capitalisation | ₹77,041.93 Cr |
| Revenue (annual) | ₹2,858.42 Cr |
| Net profit (annual) | ₹522.60 Cr |
| Revenue (latest quarter) | ₹1,106.86 Cr+21.28% vs previous quarter |
| Net profit (latest quarter) | ₹304.84 Cr+54.70% vs previous quarter |
| P/E (TTM) | 126.93×Sector 26.59× |
| Promoter holding | 89.01%0.00% QoQ |
| FII holding | 1.67%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by NTPC Green Energy Limited announcing the 500 MW capacity win by its subsidiary. Market figures from a third-party data provider.
