NTPC Green Energy inks major MoU with Uttar Pradesh for renewable projects
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CNBC TV18•22-01-2026, 17:50
NTPC Green Energy inks major MoU with Uttar Pradesh for renewable projects
- •NTPC Green Energy Limited (NGEL) signed an MoU with Uttar Pradesh for renewable energy and green hydrogen projects.
- •The agreement was formalized on January 22, 2026, during the World Economic Forum Annual Meeting in Davos.
- •NGEL, a subsidiary of NTPC, aims to lead NTPC's green energy goals, targeting 60 GW by FY32.
- •The company reported a 131.6% YoY net profit increase to ₹88 crore for Q2FY25, with revenue up 21.5% to ₹612.3 crore.
- •NTPC Green Energy shares closed up 2.10% at ₹91.23 on NSE on January 22.
Why It Matters: NTPC Green Energy partners with Uttar Pradesh for significant renewable and green hydrogen development.
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