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NTPC Green Energy and MAHAPREIT have launched a joint venture to develop 10 GW of renewable energy parks in India. NGEL will hold a 74% stake in the new entity. NTPC Green Energy share price closed at Rs.96.40.
NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC Limited, has partnered with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) to form a new joint venture company named NTPC-MAHAPREIT Green Energy Limited. The JV will focus on developing, operating, and maintaining large-scale renewable energy parks across India, targeting a total capacity of 10 GW.
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JV formed on 8 April 2025 between NGEL and MAHAPREIT.
NGEL will hold a 74% stake; MAHAPREIT will hold 26%.
Focus on Ultra Mega Renewable Energy Power Parks (UMREPP) and hybrid projects.
Projects to include solar, wind, and storage-based systems.
Primary operations in Maharashtra with plans for pan-India expansion.
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The new entity aims to set up Ultra Mega Renewable Energy Power Parks (UMREPPs) and integrated renewable projects combining solar, wind, and energy storage systems. With a combined capacity of 10 GW, this development reinforces NTPC's ongoing efforts to transition into a low-carbon energy company. The Ministry of Power approved the incorporation following clearances from DIPAM and NITI Aayog.
The initiative will not only enhance power generation capacity but also support India's target of 500 GW non-fossil energy capacity by 2030. NGEL subscribed to 74,000 equity shares valued at Rs.10 each to establish its 74% stake in the JV, while MAHAPREIT holds the remaining 26%.
Partner | Stake (%) | Equity Shares Subscribed | Share Value (Rs.) |
NTPC Green Energy (NGEL) | 74% | 74,000 | Rs.7.4 lakh |
MAHAPREIT | 26% | 26,000 | Rs.2.6 lakh |
Total | 100% | 1,00,000 | Rs.10 lakh |
Ahead of the JV announcement, NTPC Green Energy share price rose by 1.53% to close at Rs.96.40 on the BSE, reflecting market optimism. The large-scale renewable focus of the JV could improve investor confidence, potentially impacting the NTPC Green Energy share price in the long term. With the joint venture playing a vital role in scaling India’s renewable footprint, analysts expect the momentum to support the NTPC Green Energy share price as projects roll out.
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