NTPC Green Energy Limited, 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 named NTPC-MAHAPREIT Green Energy Limited. The partnership was officially established on April 8, 2025, as reported by CNBC TV18.
Under this structure, NTPC Green Energy will hold a 74% equity stake, while MAHAPREIT will own the remaining 26%. The Ministry of Power approved the incorporation of this new entity after receiving required clearances from the Department of Investment and Public Asset Management (DIPAM) and NITI Aayog.
NTPC Green Energy has subscribed to 74,000 equity shares at a face value of ₹10 per share as part of the capital arrangement.
The newly formed company aims to focus on developing, operating, and maintaining Ultra Mega Renewable Energy Power Parks (UMREPPs) and other renewable projects such as solar, wind, and hybrid power systems, with or without energy storage, up to a total capacity of 10 GW.
While the initial focus will be on Maharashtra, the scope of operations may be expanded to other states in the future, depending on project viability and regulatory support.
The joint venture aims to accelerate India’s transition to clean energy while supporting both state and central government efforts to enhance energy security. It will focus on developing scalable renewable energy infrastructure that prioritizes cost efficiency and long-term sustainability.
By combining NTPC’s technical expertise with MAHAPREIT’s strong regional presence and infrastructure capabilities, the collaboration is set to maximize impact. Together, they plan to drive growth in the clean energy sector through strategic, sustainable initiatives.
The project aligns with India’s broader clean energy goals and comes with full regulatory clearance. NTPC Green Energy’s share subscription reflects its commitment to expanding NTPC’s green portfolio and contributing to the national renewable energy capacity addition targets.
As of the end of trading on April 8, 2025, NTPC Green Energy’s shares closed at ₹96.65 on the NSE, marking a 1.93% gain. The Deliverable/Traded Quantity stood at 37.93%, and the company’s current market capitalisation is ₹81,440.48 crore.
The formation of NTPC-MAHAPREIT Green Energy Limited marks a significant milestone in NTPC’s clean energy journey. With a targeted capacity of 10 GW, this joint venture reinforces India’s renewable energy ambitions while paving the way for large-scale sustainable infrastructure development across multiple states.
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Published on: Apr 8, 2025, 9:51 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and asset management, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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