NTPC ventures with Indian Oil for renewable energy projects
POWER & RENEWABLE ENERGY

NTPC ventures with Indian Oil for renewable energy projects

NTPC Ltd, a PSU power company, has announced its collaboration with Indian Oil Corporation Limited (Indian Oil) to establish a joint venture named "INDIANOIL NTPC GREEN ENERGY PRIVATE LIMITED." In this 50:50 partnership, the newly incorporated company will focus on developing renewable energy-based power projects, including solar PV, wind, energy storage, and other renewable sources. The primary objective is to supply a minimum of 650 MW of renewable power on a round-the-clock basis to meet the energy requirements of Indian Oil.

NTPC Ltd, along with its subsidiaries, associates, and joint ventures, is primarily engaged in generating and selling bulk power to state power utilities. Indian Oil Corporation Ltd, a Maharatna Company controlled by the Government of India, is a major player in the oil and gas industry. Both companies are public sector undertakings, with majority ownership held by the President of India (NTPC Ltd holds a stake of 51.10%, while Indian Oil Corporation Ltd holds a stake of 51.50%).

NTPC Ltd's shares witnessed a marginal gain of 1.03%, reaching an intraday high of Rs 176.20 per share, compared to the previous closing of Rs 174.40. The stock boasts a PE ratio of 9.86x, while the sectoral PE stands at 28.70x, with remarkable returns of over 200% over the past decade.

NTPC Ltd, a PSU power company, has announced its collaboration with Indian Oil Corporation Limited (Indian Oil) to establish a joint venture named INDIANOIL NTPC GREEN ENERGY PRIVATE LIMITED. In this 50:50 partnership, the newly incorporated company will focus on developing renewable energy-based power projects, including solar PV, wind, energy storage, and other renewable sources. The primary objective is to supply a minimum of 650 MW of renewable power on a round-the-clock basis to meet the energy requirements of Indian Oil.NTPC Ltd, along with its subsidiaries, associates, and joint ventures, is primarily engaged in generating and selling bulk power to state power utilities. Indian Oil Corporation Ltd, a Maharatna Company controlled by the Government of India, is a major player in the oil and gas industry. Both companies are public sector undertakings, with majority ownership held by the President of India (NTPC Ltd holds a stake of 51.10%, while Indian Oil Corporation Ltd holds a stake of 51.50%).NTPC Ltd's shares witnessed a marginal gain of 1.03%, reaching an intraday high of Rs 176.20 per share, compared to the previous closing of Rs 174.40. The stock boasts a PE ratio of 9.86x, while the sectoral PE stands at 28.70x, with remarkable returns of over 200% over the past decade.

Next Story
Technology

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Next Story
Infrastructure Transport

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

Next Story
Real Estate

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?