Why NTPC Green Energy Share Price is Rising

Indian markets are trading lower today, 22 May. The Nifty 50 index is down about 0.8%, trading below 24,650 at around 24,617 points. The BSE Sensex has dropped over 600 points, trading near 80,971 points.

The current weakness is partly due to global risk-off sentiment, influenced by concerns over the high US fiscal deficit and rising US bond yields.

Sector-wise, all major indices except the media index are trading in red, with IT, FMCG, and auto sectors leading the losses.

One stock that is rising sharply in a falling market is NTPC Green Energy.

Here's are the reasons for the same.

#1 Good Quarterly Results

NTPC Green Energy reported a good quarterly results which impressed the markets. While revenues surged, net profits grew even faster.

The revenue from operations rose 22.4% year-on-year (YoY) to Rs 6,223 million (m) in Q4, up from Rs 5,081 m a year ago. Sequentially, revenue also increased over 23% from the previous quarter.

The consolidated net profit was Rs 2,332 m in Q4, up 188% YoY. Sequentially, profit surged 255%.

#2 Rapid Expansion Plans

Buying interest from investors in the stock also stems from rapid expansion plans at the company.

NTPC Green Energy has an ambitious and multi-faceted expansion plan focused on rapidly increasing its renewable energy capacity and diversifying into emerging green technologies.

As of May 2025, NTPC Green has an installed capacity of 6 GW and an additional 12 GW under implementation. The company has visibility on over 21 GW of projects, with 80% planned in solar and 20% in wind energy. NTPC Green Energy plans to reach 60 GW by 2032.

To achieve its ambitious targets, the company is actively pursuing inorganic growth by acquiring operational solar projects with secured land.

Recently, through its joint venture ONGC NTPC Green, it acquired 100% equity in Ayana Renewable Power for Rs 62.48 billion (bn) expanding its portfolio in battery energy storage, offshore/onshore wind, and green chemicals.

What Next?

The company has been growing rapidly, due to capacity expansion, acquisitions, large-scale investments, and technological innovation.

With a clear roadmap to reach 60 GW by 2032, supported by strong state partnerships and a diversified renewable portfolio primarily in solar and wind, the company is positioning itself as a leading player in India's clean energy transition.

Having said that NTPC Green Energy does face some risks. Changes in government policies, tariffs, or renewable energy incentives could impact project viability and returns, given the sector's dependence on supportive regulations.

Variability in renewable energy generation due to weather conditions, grid integration challenges, and off-taker credit risks may affect revenue stability.

Apart from this execution risk is also present, though the company has an established track record.

How Shares of NTPC Green Energy Have Performed Recently

Over the last one month, the share price of NTPC Green Energy has gained 3.75% from levels of Rs 107.9 to the current levels of Rs 111.95.

Since the beginning of 2025, the share price has lost 12%. NTPC Green Energy shares were listed on the stock exchanges on 27 November 2024.

The stock hit a 52-week high of Rs 155.3 on 4 December 2024. The stock also hit a 52-week low of Rs 84.6 on 3 March 2025.

About NTPC Green Energy

NTPC Green Energy is a wholly owned subsidiary of NTPC Limited, a 'Maharatna' central public sector enterprise and India's largest integrated power utility.

NTPC Green Energy focuses on developing, building, owning, operating, and maintaining utility-scale grid-connected renewable energy projects, primarily in solar and wind power, through both organic growth and inorganic acquisitions.

The company aims to be the flagship entity driving NTPC's green energy initiatives, with an ambitious target to achieve 60 GW of renewable energy capacity by FY32, which would constitute nearly 45% of NTPC's overall power generation capacity.

NTPC Green Energy pursues a comprehensive approach leveraging innovation and technology, including solar photovoltaic, floating solar, hybrid energy systems, battery storage, green hydrogen, and sustainable aviation fuel production.

To know more, check out NTPC Green Energy's latest fact sheet and quarterly results. You can also compare NTPC Green Energy with its peers on our website.

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Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions.

Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here.