NTPC Green Energy commissions 95.6 MW solar capacity at Kalasar plant, pushing total operating base to 11,424 MW
The renewable energy company NTPC Green Energy has switched on another slice of its Rajasthan solar portfolio, pushing its operating base to a fresh high. The latest step adds more clean power under a round-the-clock project, and it arrives just as the wider group chases a far bigger capacity goal.
The Nifty 50 traded at 22,928, down 0.05%, while the Sensex up by 0.01% to 74,158 on Friday. Following this the Shares of NTPC Green Energy Ltd are trading at Rs. 82.80, down 1.35 percent on Friday. The stock touched the intraday high of Rs. 84.44 after opening at Rs. 84.20 before slipping to a low of Rs. 82.50. The company commands a market capitalization of Rs. 69,896.40 crore
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Kalasar Solar Plant Gets Another 95.6 MW Up and Running
NTPC Green Energy Limited has started commercial operation of another 95.6 MW at its Kalasar Solar Energy Project in Bikaner, Rajasthan, effective 00:00 hours on 30 October 2026. This is the fifth part of the 650 MW solar component under the 500 MW REMCL RTC Project of NTPC Renewable Energy Limited, a wholly owned subsidiary.
The company shared the update with the NSE and BSE on 29 October under Regulation 30 of the SEBI listing rules, in a letter signed by Company Secretary Deepak C S. Before this step, commercial capacity of the group stood at 11,328.69 MW. With the addition, total installed capacity of the group rises to 11,424.29 MW. The project sits in the Bikaner region, one of India's sunniest solar belts, where large plants can run for long hours. The exchanges were asked to take the disclosure on record.
What This Means for the Company
For a business that earns its income by selling power, every block of capacity counts. The 95.6 MW addition is under one percent of the group's base, so it will not move earnings alone. Still, once a plant is declared commercial it starts billing under its long-term power purchase terms, which should add to revenue from the October to December quarter onward, and it lowers the amount of capacity still waiting to earn. Rising output also supports the group's cash flow, which helps fund the next round of projects.
The bigger story is momentum. Revenue rose 63 percent in the June quarter as new plants came online, and management says it is on course for 60 GW by FY32. Group capacity has grown by about 750 MW since June, but investors will watch whether the pace can reach the roughly 7,500 MW a year that goal demands, and whether grid links and battery storage keep up with new solar.
How the Numbers Looked in Q1 FY27
Looking at the quarterly results of NTPC Green Energy Limited, the company's consolidated revenue from operations increased by 62.7 percent YoY, from Rs. 680.21 crore in Q1 FY26 to Rs. 1,106.86 crore in Q1 FY27, and grew by 21.3 percent QoQ from Rs. 912.63 crore in Q4 FY26.
In Q1 FY27, NTPC Green Energy Limited's consolidated net profit increased by 38.3 percent YoY, reaching Rs. 304.84 crore compared to Rs. 220.48 crore during the same period last year. As compared to Q4 FY26, the net profit has increased by 54.6 percent, from Rs. 197.17 crore.
The basic earnings per share increased by 38.5 percent and stood at Rs. 0.36 as against Rs. 0.26 recorded in the same quarter in the previous year, FY2026.
Company Overview
NTPC Green Energy Limited, incorporated in April 2022, is the renewable arm of NTPC Limited, India's largest power producer. It builds, owns and runs solar and wind projects backed by long-term power purchase agreements, and ranks as the country's largest renewable public sector enterprise outside hydro by operating capacity. Listed since November 2024, it aims for 60 GW by FY32.