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NTPC Green Energy (NGEL), NTPC’s renewable energy arm, will establish a green hydrogen fueling station at VOC Port, using hydrogen-powered trucks. This aims to replace fossil fuel vehicles, promoting decarbonization and energy security. NGEL, created in 2022, houses NTPC’s renewable energy projects. In Q1 FY26, NGEL’s net profit increased by 59.1% to Rs 220.48 crore, with net sales rising by 17.6% to Rs 680.21 crore. The company’s stock price saw a slight increase, settling at Rs 104.10 on the BSE.
News summary provided by Gemini AI.
NGEL will setup a green hydrogen fuelling station in VOC Port along with hydrogen based internal combustion engine trucks for the VOC port operation. This will open an option of phasing out fossil fuel trucks in favour clean and green fuels bringing decarbonisation and energy security.
NTPC Green Energy (NGEL) was incorporated as a fully owned subsidiary of NTPC on 7 April 2022 for developing RE parks and projects. It had been established as the renewable energy (RE) arm of NTPC with all the operational and under construction projects transferred to NGEL.
The company’s consolidated net profit jumped 59.1% to Rs 220.48 crore on 17.6% increase in net sales to Rs 680.21 crore in Q1 FY26 over Q1 FY25.
The counter rose 0.53% to settle at Rs 104.10 on the BSE.
