NTPC Green Energy Share Price Strong After Bagging 1000 MW Solar Project; Should You Buy?

NTPC Green Energy share price surged on Thursday, June 5, a day after NTPC's renewable energy arm announced the finalisation of 1000 megawatt UPPCL's Solar PV Power Project.

NTPC Green Energy (also called NTPC Renewable Energy Limited) shares opened higher at Rs 110.15 per share on BSE on Thursday. The company scrip surged during the stock market opening. NTPC Green Energy shares were trading 1.3% higher at Rs 109.35 per share on BSE on Thursday at 10:20 am with a market capitalisation of Rs 92,141.91 crore.

NTPC Green Energy Wins Solar Project

NTPC Green Energy secured a 1000 MW solar power project of Uttar Pradesh Power Corporation Limited, said the company in its BSE exchange filing released on Wednesday, June 4.

"NTPC Renewable Energy Limited Wins 1000 MW in UPPCL's Solar PV Power Project Auction", we wish to inform that NTPC Renewable Energy Limited (a wholly owned subsidiary of NTPC Limited), has today, i.e., June 4, 2025, signed the Power Purchase Agreement (PPA) for the said capacity at a discovered tariff of ₹2.56 per kWh," read the BSE filing.

Uttar Pradesh's solar power project win has come weeks after the power utility company woon the bidding for an e-reverse auction by NHPC for a battery storage project in Kerala. The company will execute NHPC's tender for the "Selection of Battery Energy Storage System (BESS) Developers for setting up of 125MW / 500MWh InSTS-connected standalone BESS in the state of Kerala under Tariff-Based Competitive Bidding (TBCB) with Viability Gap Funding (VGF) support."

The company scrip is enjoying significant interest among investors after the declaration of its Q4 FY25 results. NTPC Green Energy reported a 255% quarter on quarter (QoQ) increase in its net profit during the March quarter.

NTPC Green Energy Share Price Recommendation Post Q4 Result

NTPC Green Energy Limited is NTPC's flagship company, considering its contribution in the addition of energy capacity production and generation. The majority of the capacity of NTPC comes from NGEL, and the stock is a locked-in portfolio through both organic and inorganic routes, according to ICICI Securities.

The brokerage has fixed a target price of Rs 123 per share indicating an upside of nearly 11%. "While NGEL is loading up its locked-in portfolio through both organic and inorganic routes, its execution has seen a trough in FY25. It commissioned only 0.9GW of inorganic capacity in FY25 against a target of ~3GW, as part of the planned capacity addition slipped due to delays in transmission connectivity. Nonetheless, we expect execution to pick up, as NTPC group is targeting RE capacity addition of 7.2GW/8GW in FY26/27 - most of the addition is targeted in NGEL," noted ICICI Securities on 26 May.

NTPC Green Energy Q4 Result Recap

NTPC's renewable subsidiary reported a significant increase in its consolidated net profit to Rs 233.2 crore during Q4FY25, against Rs 80.95 crore reported during Q4FY24. NTPC Green Energy's earnings per share stood at Rs 0.28 during the quarter under review.Its total income stood at Rs 751.50 crore during the fourth quarter, against Rs 581.46 crore reported during the quarter ending in December. NTPC Green Energy's total income stood at Rs 553 crore during the Q4FY24 quarter.

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