NTPC Green Energy incorporates Chhattisgarh NTPC Green Energy Ltd as JV subsidiary
NGEL has subscribed 74,000 (Seventy-Four Thousand) equity shares (along with Nominees) at the face value of Rs 10 each.
New Delhi: The wholly-owned subsidiary of NTPC Ltd, NTPC Green Energy Ltd has announced the exchanges that a joint venture company named, Chhattisgarh NTPC Green Energy Ltd has been incorporated on 05th December 2025 in a ratio of 74:26 of NTPC Green Energy Limited (NGEL) and Chhattisgarh State Power Generation Company Limited (CSPGCL).
The objective of the Company is to develop, operate and maintain Renewable Energy Park including UMREPP and Project(s) in State of Chhattisgarh or any other identified locations comprising of Solar/Wind/Hybrid up to 2 GW capacities and identification of reservoirs for Development of Floating Solar Projects.
NGEL has subscribed 74,000 (Seventy-Four Thousand) equity shares (along with Nominees) at the face value of Rs 10 each.
Further approval from DIPAM has been obtained on 23rd April, 2025.