DBT Bureau
Pune, 5 July 2026
NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited, said in an exchange filing that it has signed a Power Purchase Agreement (PPA) with PTC India Limited for the sale of 1,200 MW of solar power under a bilateral arrangement, according to an exchange filing.
The agreement was exchanged in the presence of Manoj Kumar Jhawar, Managing Director & CEO of PTC India Limited, J. S. Chandok, CEO of ONGPL, and senior officials from NTPC Green Energy Limited, NTPC REL, and PTC India Limited.
This partnership between the two companies are expected to strengthen the push toward clean and sustainable energy development in India. The agreement also underlines NTPC Green Energy’s strategy to expand its renewable energy footprint and support India’s transition toward low-carbon power generation.
The 1,200 MW solar power agreement is one of the major bilateral renewable energy deals announced by the company and highlights the growing demand for long-term clean power procurement in the country. For PTC India, the deal adds scale to its power trading and procurement portfolio, while for NTPC REL it creates another long-term offtake arrangement for its expanding solar generation capacity.
NTPC Renewable Energy Limited functions as a key renewable energy arm of NTPC Green Energy Limited, the listed green energy business of NTPC Group. The development is seen as an important step for NTPC Green Energy as it continues to build a large clean energy portfolio spanning solar, wind, and hybrid power projects.
In the stock market, shares of NTPC Green Energy Ltd (NSE: NTPCGREEN), the listed parent company of NTPC REL, closed at ₹95.40 on July 3, 2026, down 1.11% from the previous close.
