By combining ENEOS’s demand for hydrogen derivative products with NGEL’s renewable energy and green hydrogen initiatives, the partnership represents a significant step toward decarbonization. It further supports NGEL’s target of achieving a 60 GW renewable energy portfolio by 2032, underscoring its commitment to India’s green energy transition and to the global movement toward net-zero emissions.
NTPC Green Energy (NGEL) was incorporated as a fully owned subsidiary of NTPC on 7 April 2022 for developing RE parks and projects. It had been established as the renewable energy (RE) arm of NTPC with all the operational and under construction projects transferred to NGEL.
The company’s consolidated net profit jumped 59.1% to Rs 220.48 crore on 17.6% increase in net sales to Rs 680.21 crore in Q1 FY26 over Q1 FY25.
The counter shed 0.72% to Rs 98.87 on the BSE.