India's NTPC Green jumps on strong Q1 earnings, Andhra JV stake increase

NTPC Green Energy

23/07/2026 08:46

** Shares of NTPC Green Energy NTPG.NS rise as much as 9%, last up 6.5% to 97.3 rupees
** Set for biggest gain in 3 months 
** Renewable energy co's Q1 consol profit up 38% y/y 3.05 billion rupees ($31.6 million), rev up ~63% y/y
** Approved an investment of up to 2.9 million rupees in AP NGEL Harit Amrit, its joint venture with Andhra Pradesh's renewable energy agency, raising NTPG's stake to 51%
** More than 81.4 million shares traded, about 27x more that their 30-day avg
** Seven analysts have a "hold" rating on avg; median PT is 100 rupees - data compiled by LSEG
** YTD, NTPG up ~2% 


($1 = 96.4850 Indian rupees)

 (Reporting by Urvi Dugar in Bengaluru)
 ((UrviManoj.Dugar@thomsonreuters.com;))