NTPC Green Energy Share Price Fall 2.73% To ₹95.47 After Recent Rally Following Khavda Solar Project Update

Mumbai, March 16: Shares of NTPC Green Energy Ltd declined in Monday’s session after a strong rally last week triggered by the company’s renewable capacity commissioning update. The stock was trading at ₹95.47, down ₹2.68 or 2.73% as of 10:24 am IST on March 16, 2026, compared with the previous close of ₹98.15.

The stock opened higher at ₹100.00 but witnessed selling pressure during the session, slipping to a low of ₹95.05, while the day’s high stood at ₹101.20 so far.

Why The Share Price Moved

The stock had recently gained momentum after NTPC Green Energy informed stock exchanges through a regulatory filing dated March 10, 2026, that the third part capacity of 270 MW out of the 1,200 MW Khavda-I Solar PV Project located in Gujarat has been declared under commercial operation.

The project is being developed by NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Green Energy Limited. According to the exchange disclosure filed under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the capacity became commercially operational effective from 00:00 hours on March 11, 2026.

Following the commissioning, the commercial capacity of the NTPC Green Energy Limited Group increased to 9,292.68 MW, while the total installed renewable capacity rose to 9,562.68 MW.

Stock Performance Snapshot

As of 10:24 am IST on March 16, 2026, NTPC Green Energy share price were trading at ₹95.47, reflecting a 2.73% decline during the session.

Earlier in the previous week, the stock had rallied sharply. On March 13, 2026, the shares traded around ₹100.30, marking a gain of ₹14.80 or about 17.31% over the preceding five trading sessions following the company’s project update.

During Monday’s session, the stock opened at ₹100.00, touched a high of ₹101.20, and later slipped to ₹95.05 so far.

Based on exchange data, the company’s market capitalisation stood around ₹80,410 crore, with the stock trading at a price-to-earnings ratio of about 146.15. The stock’s 52-week range currently stands between ₹84.00 and ₹117.64.

What This Means For Investors

Short-term price corrections often occur after sharp rallies, particularly when investors book profits following positive operational announcements.

While the latest decline reflects near-term market movement, the commissioning of new renewable capacity strengthens the company’s operational base and expands its generation portfolio.

Investors generally monitor the pace of commissioning across large renewable parks, as phased capacity additions can gradually enhance revenue visibility.

Broader Market And Sectoral Context

India’s renewable energy sector continues to expand rapidly as the country accelerates solar and wind capacity development.

Large solar parks such as the Khavda renewable energy complex in Gujarat are expected to host some of the world’s largest utility-scale solar projects. Several developers, including public sector companies, are developing capacity in phases within this region.

Operational milestones from these projects often influence market sentiment toward renewable power companies.

About The Company

NTPC Green Energy Limited is the renewable energy arm of NTPC Limited and focuses on the development and operation of solar, wind, and hybrid renewable energy projects across India.

The company develops projects independently and through subsidiaries such as NTPC Renewable Energy Limited, with a growing portfolio of utility-scale renewable assets aimed at supporting India’s clean energy transition.

Conclusion

NTPC Green Energy shares declined on March 16, 2026, trading around ₹95.47 as of 10:24 am IST, after witnessing a sharp rally in the previous week following the March 10, 2026, announcement of commissioning 270 MW capacity at the Khavda-I Solar PV project.

While the stock corrected during Monday’s session, the newly operational capacity increases the company’s commercial renewable portfolio to 9,292.68 MW and total installed capacity to 9,562.68 MW, marking continued expansion of its renewable energy assets.

Source:

• https://www.bseindia.com/xml-data/corpfiling/AttachLive/7166306e-7855-4d34-b0c9-d6c0b5317fd3.pdf
• https://www.nseindia.com/get-quote/equity/NTPCGREEN/NTPC-Green-Energy-Limited