NTPC Green Energy Share Price Jump 17% In Five Days After Khavda Solar Project Commissioning Update

Mumbai, March 13: Share price of NTPC Green Energy Ltd extended gains this week, rising sharply over the past few trading sessions after the company announced new renewable capacity addition at its Gujarat solar project. The stock was trading at ₹100.30 as of 11:20 am IST on Friday, marking a gain of ₹14.80 or 17.31% over the past five days.

During Friday’s session, the stock opened at ₹98.30 and traded between ₹98.30 and ₹104.73 so far, reflecting continued investor interest following the company’s recent operational update.

Why The Share Price Moved

NTPC Green Energy informed the 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 was declared commercially operational effective from 00:00 hours on March 11, 2026.

Following the commissioning, the current commercial capacity of the NTPC Green Energy Limited Group stands at 9,292.68 MW. With the addition of the new segment, the group’s total installed renewable capacity increases to 9,562.68 MW, strengthening its operational portfolio.

Stock Performance Snapshot

As of 11:20 am IST on March 13, 2026, NTPC Green Energy shares were trading at ₹100.30.

The stock has gained 17.31% over the past five trading sessions, reflecting strong upward momentum since the company’s project update earlier this week. On Friday, the stock touched an intraday high of ₹104.73, while the day’s low stood at ₹98.30 so far.

Based on exchange data, the company’s market capitalisation stood around ₹84,260 crore, with the stock trading at a price-to-earnings ratio of about 153.22. The stock’s 52-week range is between ₹84.00 and ₹117.64.

What This Means For Investors

The declaration of commercial operations marks the transition of a renewable project segment from the development phase to revenue-generating operations. For power producers, this milestone typically allows the asset to begin supplying electricity under long-term power purchase agreements.

Capacity additions also enhance the company’s generation base, which can gradually improve revenue visibility and operating scale over time.

That said, investors often track the pace of commissioning across large renewable projects, particularly in phased developments where multiple capacity blocks are scheduled to come online sequentially.

Broader Market And Sectoral Context

India’s renewable energy sector continues to see rapid expansion as the country accelerates its transition toward cleaner power sources. Utility-scale solar parks, especially those in western India, are playing a central role in this expansion.

Large projects such as the Khavda renewable energy complex in Gujarat are among the world’s largest solar development zones, attracting multiple developers and contributing significantly to India’s long-term renewable capacity targets.

Milestones such as phased commissioning and commercial operation declarations often act as key operational updates for listed renewable power developers.

About The Company

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

The company executes projects directly and through subsidiaries such as NTPC Renewable Energy Limited, with a portfolio that includes utility-scale solar parks, wind farms, and hybrid renewable assets designed to support India’s clean energy transition.

Conclusion

NTPC Green Energy shares remained in focus on March 13, 2026, trading higher as investors reacted to the company’s recent announcement of 270 MW capacity from the Khavda-I Solar PV project entering commercial operation from March 11, 2026.

The development increases the group’s commercial renewable capacity to 9,292.68 MW and total installed capacity to 9,562.68 MW, highlighting the company’s continued expansion in India’s rapidly growing renewable energy sector.

Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/7166306e-7855-4d34-b0c9-d6c0b5317fd3.pdf