Renewable energy solutions provider Suzlon on Wednesday said it has secured a 378 MW wind energy project from NTPC Green Energy, taking its total awarded capacity from the latter to 1,544 MW. This order strengthens Suzlon's market leadership and its commitment to sustainable, large scale growth, a company statement said. Furthering its strategic focus on building long term, high impact partnerships, Suzlon has just consolidated its largest partnership with NTPC Green Energy Ltd (NGEL) to 1,544 MW, with a recent award of a 378 MW wind energy project, it stated. As part of this contract, Suzlon will supply 120 S144 Wind Turbine Generators (WTG) with Hybrid Lattice Towers (HLT), each with a rated capacity of 3.15 MW, and also undertake foundation, erection, and commissioning for the project and will provide maintenance and services. Suzlon Group Vice Chairman Girish Tanti said,"We are honoured to be a strategic partner in NTPC's ambitious vision to accelerate India's clean energy ..
To absorb power from projects that failed to find any state to sign power purchase agreements
The project is worth around ₹4,500 crore and has to be completed within 24 months or 2 years
Thermal behemoth issues tender for 3 million tonne coal from privately owned mines
All the additional capacity will come as brownfield expansion of its current thermal power units across the country
NTPC mainly runs coal-fired plants and wants to identify ones that can be retired in the next five years, preferably replaced by SMRs
NTPC Western Region II, headquartered in Chhattisgarh, operates five power stations
Stocks to Watch on Apr 3, 2025: As the US imposed ;reciprocal tariffs' IT, Pharma and auto related stocks will be in focus
According to the company, the move is aligned with the national objective of self-reliance in nuclear technology and localisation of the nuclear power plant supply chain
The partner should have clearance from concerned authorities in their country of origin as well as comply with Indian policies, including having or getting a license for the offered technology
NTPC Group on Tuesday reported around 4 per cent rise in its power generation to 238.6 billion units (BUs) in the financial year ended March 31. During the FY25, the group added 3,972 MW of capacity, bringing its cumulative installed capacity to around 80 GW. Apart from operational capacity of 80 GW, additional 32 GW capacity, including 15 GW Renewable capacity, is under construction, NTPC Group said in a statement. The company aims to achieve 60 GW of renewable energy capacity by 2032. NTPC, under the Ministry of Power, is India's largest integrated power utility, contributing 1/4th of the power requirement of the country. The company has also ventured into various new business areas, including e-mobility, battery storage, pumped hydro storage, waste-to-energy, nuclear, and green hydrogen solutions.
ONGC NTPC Green Pvt Ltd (ONGPL) has completed acquisition of 100 per cent equity stake in Ayana Renewable Power for Rs 6,248.50 crore. ONGPL is a 50:50 joint venture of NTPC Green Energy Ltd (NGEL) and ONGC Green Ltd. The acquisition was completed on March 27 for a cash consideration of Rs 6,248.50 crore at Rs 23.22 per share, NGEL said in an exchange filing. The Competition Commission of India had given its approval for the acquisition on March 11, 2025. NGEL contributed 50 per cent, that is Rs 3,124.25 crore to the total acquisition cost, it said. Through this acquisition, NGEL aims to expand its capacity in the renewable energy sector to meet its target of 60 GW renewable capacity by 2032. Ayana, a leading renewable energy platform, has capacity of approximately 4,112 MW (2,123 MW operational and 1,989 MW under-construction), strategically located across resource-rich states. Its portfolio is backed by high-credit-rated offtakers such as SECI, NTPC, Gujarat Urja Vikas Nigam L
NVVN is the nominated nodal agency for facilitating supply from gas-based power plants (GBPs) from March 25 to October 15, a period identified 'high-demand' this year
REC is tapping the market on March 17 to raise as much as Rs 6,000 crore through two tranches via bonds maturing in three years and 10 years
Stocks to Watch Today, March 11, 2025: IndusInd Bank share price will be in focus today after the bank reported discrepancy in derivative trade. This comes after the CEO got just a one-year extension
The investments have been offered under different schemes of the Chhattisgarh government, aiming to boost the state's energy infrastructure
Prime Minister Narendra Modi, who inaugurated the summit, said Madhya Pradesh is becoming a preferred business destination while adding that this is the right time to invest in the state
State-owned power giant NPTC and EDF India, an arm of French firm Electricite de France, have joined hands to set up pumped hydro storage and hydro projects bundled with renewable energy projects, and explore opportunities in the distribution business. NTPC and EDF India have signed a non-binding term sheet to develop, own, operate and maintain pumped storage projects and any other hydro-power projects, a statement said. Under the agreement signed by the two entities on Sunday, NTPC and EDF propose to form a JVC with 50: 50 Partnership after requisite approval from the Government of India. This JV company will undertake such projects on its own or may create JV and subsidiaries for undertaking such projects within India and neighbouring countries, the statement said. The JV will also develop hydro projects bundled with other Renewable Energy projects and explore opportunities in the distribution business.. NTPC Ltd is India's largest integrated power utility, contributing one-fourt
State-owned NTPC on Tuesday said it has paid an additional Rs 2,424 crore of interim dividend to its shareholders in the financial year ending March 2025. This is in addition to the first interim dividend of Rs 2,424 crore paid in November 2024, NTPC said in a statement. The Rs 2,424 crore dividend paid on February 18 is 25 per cent of the paid-up equity share capital of the company. The total dividend paid by the company during the ongoing fiscal has reached Rs 8,000 crore, which includes the final dividend of Rs 3,152 crore for the financial year 2023-24 paid in September 2024. This is the 32nd consecutive year that NTPC has paid dividend. Under the Ministry of Power, NTPC is India's largest integrated power utility, contributing one-fourth of the country's power requirements. The company has an installed capacity of over 77 GW, with an additional capacity of 29.5 GW under construction, including 9.6 GW of renewable energy capacity. The company is committed to achieving 60 GW o
Stocks to Watch, Feb 18, 2025: Airtel, NTPC, Power Grid and other stocks will be on investors' radar today