NTPC Green Energy approves 50:50 JV with GAIL
Change
On 15 January 2026 NTPC Green Energy's board approved a Joint Venture Agreement to incorporate a 50:50 joint venture company with GAIL to undertake renewable energy projects, subject to statutory approvals.
Why it matters
The board approved a Joint Venture Agreement on 15 January 2026 to incorporate a 50:50 Joint Venture Company with GAIL (India) Ltd for undertaking renewable energy projects. Incorporation and project activity are subject to approvals from the Ministry of Power, DIPAM and other applicable statutory authorities. NTPC Green Energy is a subsidiary of NTPC and serves as the umbrella for NTPC's green business initiatives. NTPC Green Energy undertakes projects through organic and inorganic routes and targets 60 GW by FY32.
Implications
- • Incorporation of the joint venture cannot proceed until the Ministry of Power, DIPAM and any other applicable statutory authorities grant approvals.
- • Renewable energy projects under the arrangement will be executed through the jointly owned company once it is incorporated.
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