NTPC Green Energy, Paradip Port Partner on Green Hydrogen

State-run NTPC Green Energy Ltd (NGEL), a subsidiary of NTPC Ltd, has signed a Memorandum of Understanding (MoU) with the Paradip Port Authority (PPA) to collaborate on green hydrogen initiatives. The agreement was formalised on October 27, 2025, during India Maritime Week in Mumbai, in the presence of Odisha Chief Minister Mohan Charan Majhi.

Under this partnership, NTPC Green Energy and Paradip Port Authority will jointly explore opportunities to develop green hydrogen-based mobility projects within the Paradip Port area. The collaboration will also assess prospects for establishing projects related to green hydrogen and its derivatives, such as green ammonia and green methanol.

The initiative aims to support India’s clean energy transition and promote sustainable and carbon-neutral port operations. It aligns with NTPC’s broader commitment to becoming a key enabler in the country’s green hydrogen ecosystem and advancing the National Green Hydrogen Mission.

In a related development, NTPC Green Energy recently announced that 9.9 MW of its 92.4 MW wind power project in Bhuj, Gujarat, has become commercially operational from October 25, 2025. The project was developed by Ayana Renewable Power Four Pvt Ltd, a subsidiary of Ayana Renewable Power Pvt Ltd, and a wholly owned arm of ONGC NTPC Green Pvt Ltd - a joint venture between ONGC and NGEL.

For the April–June quarter of FY26, NTPC Green Energy reported a 59 percent year-on-year increase in net profit to ₹220 crore, compared to ₹138 crore a year ago. Revenue rose 17.6 percent to ₹680 crore, while EBITDA climbed 17.8 percent to ₹603 crore. Despite higher costs, the company maintained a strong EBITDA margin of 88.6 percent, underscoring its operational efficiency and robust financial performance.