Shares of NTPC Green Energy Ltd are trading flat after touching a day’s high of Rs 92.40 on 16th January, despite the company saying its board of directors has approved a joint venture agreement to incorporate a 50:50 JV with GAIL (India) Ltd.

According to a regulatory filing, the board approved the agreement at its meeting held on 15th January, 2026, to undertake renewable energy projects through the proposed JV.

The incorporation of the JV is subject to approvals from the Ministry of Power, DIPAM, and other applicable statutory authorities.

NTPC Green Energy Second Quarter Results

NTPC Green Energy reported a 131.6% year-over-year jump in net profit at Rs 88 crore for the quarter ended 30th September, 2025, compared to Rs 38 crore a year ago.

Revenue rose 21.5% YoY to Rs 612.3 crore, up from Rs 503.8 crore in Q2FY25. EBITDA increased 26% YoY to Rs 529.6 crore, from Rs 420.2 crore in the same quarter last year.

EBITDA margin improved to 86.5%, compared with 83.4% in Q2FY25.

At 11:41 AM, shares of NTPC Green Energy were trading 0.26% lower at Rs 91.51 on NSE.

Ready to invest like a pro? Tradz by EquityPandit equips you with 100+ Free tools and knowledge you need to succeed. Download the Tradz app and gain access to daily stock lists and insightful market analysis and much more!