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NTPC Green Energy Wins 80MW BESS Project in Kerala Auction

Synopsis:

NTPC Green Energy has won a total 80MW/320MWh battery storage bid under NHPC’s 125MW Kerala auction. It secured two key sites at tariffs of Rs.4.57 lakh and Rs.4.34 lakh per MW/month. NTPC Green Energy share price ended at Rs.112.05.


NTPC Green Energy Ltd. has been declared the winning bidder in NHPC Ltd.'s e-reverse auction for battery energy storage projects in Kerala. The company secured 80MW/320MWh out of the 125MW/500MWh total capacity on offer, marking a significant stride in India’s energy storage and renewable integration efforts.

Also read: IndusInd Bank Promoter Reaffirms Equity Support Amid Q4 Loss

NTPC GREEN ENERGY LIMITED

Trade

110.4-1.77 (-1.57 %)

Updated - 23 May 2025
114.44day high
DAY HIGH
110.35day low
DAY LOW
99355314
VOLUME (BSE)

Key Takeaways

  1. NTPC Green Energy wins 80MW/320MWh BESS capacity in Kerala

  2. Projects located at Pothencode and Sreekantapuram substations

  3. Tariffs awarded at Rs.4.57 lakh and Rs.4.34 lakh per MW/month

  4. Company awaits official Letter of Award from NHPC

  5. NTPC Green Energy share price rose 5.5% post announcement

Also read: Tata Steel Expands Kalinganagar Plant to 8MT Capacity with Rs. 27,000 Cr

Details of the Awarded Projects

The awarded battery energy storage system (BESS) projects are part of NHPC’s initiative to improve intra-state grid reliability in Kerala. These systems will store renewable power during off-peak hours and release it during high demand, supporting a stable and efficient grid.

Project Overview

Location

Capacity (MW/MWh)

Tariff (Rs./MW/month)

Pothencode

40MW / 160MWh

4.57 lakh

Sreekantapuram

40MW / 160MWh

4.34 lakh

Total

80MW / 320MWh

The selection was carried out under a tariff-based competitive bidding model supported by viability gap funding, aimed at enabling cost-effective battery deployments across Indian states.

Financial Performance Strengthens Growth Outlook

On the same day as the project announcement, NTPC Green Energy also declared its Q4 FY25 results. The company reported a 22.5% year-on-year increase in revenue to Rs.622.3 crore, and a 28.3% rise in EBITDA. The EBITDA margin expanded by 400 basis points, demonstrating operational efficiency.

Market Reaction and Share Price Movement

Following the dual news of the project win and financial results, the NTPC Green Energy share price surged over 10% intraday before settling at Rs.112.05, up 5.5%. The NTPC Green Energy share price now remains above its IPO price of Rs.108, reflecting growing investor confidence in the company’s future.

Also read: Trent, BEL To Join BSE Sensex; Nestle, IndusInd Bank Dropped

Source: CNBCTV18

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