India's NTPC Green Energy rises; HDFC Securities starts with 'buy'

NTPC Green Energy

18/03/2026 05:55

** NTPC Green Energy NTPG.NS rises 1.34% to 97.33 rupees

** HDFC Securities starts with "buy", PT of 121 rupees, citing strong growth visibility, execution track record

** Sees renewable capacity ramp-up from ~8GW to 60GW by FY32, driven by co's strong execution capabilities

** Expects revenue, EBITDA to grow at ~82% CAGR over FY26–FY29 on capacity additions

** Adds parent NTPC's NTPC.NS backing is key support for execution, financing; flags demand drivers such as data centres, storage, green hydrogen

** YTD, NTPG up 1.66% vs NTPC's 16.33% rise

 (Reporting by Surbhi Misra in Bengaluru)

 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))