NTPC Green Energy Share Price Jump Over 15% After Khavda Solar Project Capacity Addition

Mumbai, March 12: Shares of NTPC Green Energy Ltd surged sharply in Thursday’s session after the company disclosed a fresh renewable capacity addition at its Gujarat solar project. The stock was trading at ₹100.29, up ₹13.56 or 15.63% as of 2:09 pm IST on March 12, 2026, compared with the previous close of ₹86.73. The stock touched a high of ₹103.20 and a low of ₹85.23, with the session opening at ₹86.50.

The rally followed a regulatory disclosure confirming that part of the company’s large-scale Khavda solar project has begun commercial operations.

Why NTPC Green Energy Share Price Moved

NTPC Green Energy informed exchanges through a regulatory filing dated March 10, 2026, that the third part capacity of 270 MW from the 1,200 MW Khavda-I Solar PV Project in Gujarat has been declared under commercial operation.

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

With this addition, the commercial capacity of NTPC Green Energy Limited Group has reached 9,292.68 MW. The filing further stated that the total installed capacity of the group will increase to 9,562.68 MW after incorporating the newly operational segment.

Capacity additions in large renewable projects typically act as a near-term trigger for investor sentiment, as they directly expand operational power generation assets.

Stock Performance Snapshot

As of 2:09 pm IST on March 12, 2026, NTPC Green Energy share price were trading at ₹100.29, reflecting a gain of 15.63% during the session.

The stock moved sharply higher during trade after opening near the previous close. Buying momentum pushed the price toward a session high of ₹103.20, while the day’s low was recorded at ₹85.23 so far in the session.

At current levels, the company’s market capitalisation stood at roughly ₹84,850 crore, with the stock trading at a price-to-earnings ratio of around 154.22, based on available exchange data.

What This Means For Investors

The declaration of commercial operations signals the transition of project capacity from the construction phase to the revenue-generating stage. Once operational, solar assets begin contributing to contracted power supply agreements and cash flows.

For renewable power developers, incremental commissioning also improves capacity utilisation metrics and strengthens visibility on future earnings streams tied to long-term power purchase agreements.

That said, renewable infrastructure projects typically scale in phases. Investors often track the pace of commissioning and execution across large solar parks to gauge how quickly planned capacity translates into operational output.

Broader Market And Sectoral Context

India’s renewable energy sector has been expanding rapidly, driven by policy support and national targets to significantly increase clean energy capacity.

Large solar parks, including those in Gujarat’s Khavda region, are emerging as key hubs for utility-scale solar development. Multiple developers, including public sector entities, are executing projects there to contribute to the country’s long-term renewable capacity goals.

In this environment, progress milestones such as partial commissioning or phase-wise operationalisation often draw market attention, especially for companies with large project pipelines.

About The Company

NTPC Green Energy Ltd is the renewable energy arm of NTPC Ltd and focuses on solar, wind, and hybrid power generation projects across India.

The company develops and operates renewable assets both directly and through subsidiaries such as NTPC Renewable Energy Ltd. Its portfolio includes utility-scale solar parks, wind farms, and hybrid renewable projects aimed at supporting India’s clean energy transition.

Conclusion

NTPC Green Energy’s sharp stock move on March 12, 2026, followed the company’s confirmation that 270 MW from the Khavda-I Solar PV project has entered commercial operation from March 11, 2026. The development lifts the group’s operational renewable capacity to 9,292.68 MW, while installed capacity rises to 9,562.68 MW.

While the market reaction reflects optimism around expanding generation capacity, investors will continue monitoring the pace of further commissioning across the remaining project pipeline and the company’s broader renewable expansion strategy.

Source

• https://nsearchives.nseindia.com/corporate/dinesh01_10032026165918_Disclosure.pdf
• https://www.nseindia.com/get-quote/equity/NTPCGREEN/NTPC-Green-Energy-Limited