NTPC Green Energy and GAIL approve 50:50 joint venture to develop renewable energy projects

Economic Times
Economic Times
1h ago
NTPC Green Energy said its board approved a 50:50 joint venture agreement with GAIL (India) Ltd to undertake renewable energy projects, subject to approvals from the Ministry of Power, DIPAM, and other statutory authorities as applicable.
NTPC Green Energy and GAIL approve 50:50 joint venture to develop renewable energy projects
A What happened
NTPC Green Energy said its board approved a joint venture agreement to incorporate a 50:50 joint venture company with GAIL (India) Ltd for renewable energy projects. The approval was made in a board meeting held on January 15, 2026. The joint venture is subject to approval from the Ministry of Power, DIPAM, and other statutory authorities as applicable. NTPC Green Energy is a subsidiary of NTPC and aims to help achieve NTPC’s target of 60 GW by FY32.

Takeaways

NTPC Green Energy and GAIL have board approval to proceed with a 50:50 renewable energy joint venture, pending required government and statutory clearances.

Topics

Climate & Environment Sustainability Energy

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