NTPC Green, NTPC Rise on Rs 960 Bn Clean Energy Plan in Chhattisgarh

12 Mar 2025 CW Team

The company formalised its commitment to renewable energy expansion by signing multiple agreements with the Chhattisgarh government at the Chhattisgarh Energy Investors Summit-2025, held in Raipur. The total investment is estimated at Rs 960 billion, aimed at boosting the state's renewable and hydroelectric capacity.

As part of this initiative, NTPC entered into three major agreements. The first involves a Memorandum of Understanding (MoU) with the Chhattisgarh government for the establishment of a 4,200 MW nuclear power facility, requiring an investment of around Rs 800 billion. This project is expected to enhance the state’s power generation capacity significantly.

Additionally, an MoU was signed between NTPC and Chhattisgarh State Power Generation Company (CSPGCL) to develop a 1,200 MW pumped hydro storage project in Sikaser, Gariyaband district. This project, with an estimated investment of Rs 58.76 billion, is intended to improve energy storage capabilities, supporting grid stability and sustainable power supply.

Further, a Joint Venture Agreement (JVA) between NGEL and CSPGCL outlines plans to establish up to 2 GW of renewable energy projects in the state. The initiative, estimated to cost Rs 100 billion, aligns with the company’s broader strategy to expand its green energy footprint.

These developments reinforce NTPC’s long-term commitment to clean energy investments and underscore Chhattisgarh’s growing role in India’s renewable energy transition.

News source: Money Control

NTPC and its subsidiary, NTPC Green Energy (NGEL), saw an upward trend in their share prices on Tuesday following the announcement of a substantial investment plan in Chhattisgarh’s clean energy sector. NTPC shares recovered from initial losses to gain nearly 0.2 per cent, while NGEL surged by approximately 1.5 per cent during intraday trading. The company formalised its commitment to renewable energy expansion by signing multiple agreements with the Chhattisgarh government at the Chhattisgarh Energy Investors Summit-2025, held in Raipur. The total investment is estimated at Rs 960 billion, aimed at boosting the state's renewable and hydroelectric capacity. As part of this initiative, NTPC entered into three major agreements. The first involves a Memorandum of Understanding (MoU) with the Chhattisgarh government for the establishment of a 4,200 MW nuclear power facility, requiring an investment of around Rs 800 billion. This project is expected to enhance the state’s power generation capacity significantly. Additionally, an MoU was signed between NTPC and Chhattisgarh State Power Generation Company (CSPGCL) to develop a 1,200 MW pumped hydro storage project in Sikaser, Gariyaband district. This project, with an estimated investment of Rs 58.76 billion, is intended to improve energy storage capabilities, supporting grid stability and sustainable power supply. Further, a Joint Venture Agreement (JVA) between NGEL and CSPGCL outlines plans to establish up to 2 GW of renewable energy projects in the state. The initiative, estimated to cost Rs 100 billion, aligns with the company’s broader strategy to expand its green energy footprint. These developments reinforce NTPC’s long-term commitment to clean energy investments and underscore Chhattisgarh’s growing role in India’s renewable energy transition. News source: Money Control

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..