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NTPC Green Energy to form 50:50 JV with GAIL for Renewable Energy Projects
NTPC Green Energy Limited
January 15, 2026, 12:21 PM
NTPC Green Energy Limited and GAIL (India) Limited will form a 50:50 Joint Venture Company to undertake renewable energy projects. The Board of Directors approved the agreement on January 15, 2026. Further details will be provided later, subject to regulatory approvals.
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NTPC Green Energy Limited's Board of Directors, in a meeting held on 15th January 2026, approved the formation of a 50:50 Joint Venture Company (JVC) with GAIL (India) Limited. This JVC will focus on undertaking Renewable Energy Projects.
The approval is subject to obtaining necessary clearances from the Ministry of Power, DIPAM, and other applicable statutory authorities. Further details as per SEBI's Master Circular dated 11th November 2024 will be communicated in due course.
The Board Meeting commenced at 03:20 PM and concluded at 04:30 PM.
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