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BSE Code : 544289 | NSE Symbol : NTPCGREEN | ISIN : INE0ONG01011 | Industry : Power Generation And Supply |


Chairman's Speech

Dear Shareholders,

The financial year 2024–25 marks an important milestone in the journey of NGEL. With the successful launch of our IPO, NGEL became the first non-banking public sector subsidiary to be listed in India. The strong response from the market highlighted the clarity of our strategy and the confidence in our future. I extend sincere thanks to all who made this possible; investors, government authorities, employees, and other stakeholders who supported us throughout.

NGEL has now crossed a market capitalisation of $10 billion and is among one of the largest renewable energy companies in India by installed capacity. This reflects the growing recognition of our role in the country's clean energy transition. Our first year as a listed company has been one of steady progress and focused delivery.

Building on our solar and wind portfolio, we are now expanding into new areas such as green chemicals and storage. A key development this year was the foundation laying of India's largest green hydrogen hub at Pudimadaka, Andhra Pradesh, by the Hon'ble Prime Minister. The project is expected to strengthen India's presence in the global green hydrogen space and supports our goal of contributing to the energy transition through clean fuels, while also creating long-term value for our shareholders. Additionally, the acquisition of Ayana Renewable Power through our joint venture ONGPL, in partnership with ONGC Green Ltd., added over 4 GW of operational and pipeline capacity, strengthening our presence across the renewable energy value chain.

India has already achieved the milestone of 50% installed power capacity from non-fossil fuel sources ahead of schedule. NGEL, established to drive NTPC's green energy initiatives, has grown into a key player focused on scalable clean energy solutions and continues to contribute meaningfully to this national progress. Our projects in solar, wind, green hydrogen, storage, and hybrid systems reflect this commitment, not just in terms of capacity addition but also in enabling long-term value creation for the economy and the environment.

Sustainability is not just a guiding principle for your company but it is the foundation for its operations and future growth.

Our commitment to clean energy is reflected in our efforts to accelerate India's energy transition through renewable projects, green hydrogen pilots, energy storage, and other low-carbon technologies. We are actively integrating ESG considerations across project planning, execution, and operations. By prioritising resource efficiency, community engagement, and climate resilience, NGEL is building a sustainable energy ecosystem that supports national development goals.

We remain focused on building a resilient and future-ready organisation and all the required steps have been taken to achieve our committed target of 60 GW by 2032, and we are well on track. Key areas of attention include digital transformation, governance, climate alignment, and capability building. We are investing in people and systems to manage the demands of the energy transition and to deliver outcomes that are both responsible and effective. I would like to acknowledge the continued support of the Government of India, particularly the Ministry of Power, Ministry of New and Renewable Energy, Ministry of Finance, DIPAM, SEBI, CERC, CEA, and CAG. We thank our shareholders, customers, partners, and collaborators for their trust and cooperation. I also appreciate the guidance of our Board during this important phase and acknowledge the commitment of our employees, whose efforts have driven this year's achievements.

As we look to the future, NGEL will continue to grow in scale, capability, and impact. It will keep on supporting India's development and climate goals while creating long-term value for all its stakeholders. With a solid foundation and a clear sense of direction, we are prepared to contribute meaningfully to the next phase of India's green energy transition.

With best wishes,

Yours sincerely,

Sd/-

Gurdeep Singh

Chairman & Managing Director

   

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