BAJAJ BROKING
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.
Also read: Cyient Launches Semiconductor Arm to Strengthen Global Chip Strategy
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.
Also read: Vodafone Idea Allots Rs.36,950 Cr Shares to Govt; Stake Hits 48.99%
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.
Also read: BPCL and Sembcorp Join Forces to Drive Green Hydrogen Projects in India
Do you have a trading account app or demat account app?
You can open an account with Bajaj Broking in minutes.
Download the Bajaj Broking app now from Play Store or App Store.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://www.bajajbroking.in/disclaimer
Share this article:
Disclaimer :
The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.
The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.
Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.
BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.
Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For more disclaimer, check here : https://www.bajajbroking.in/disclaimer
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading