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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code