About NTPC Renewable Energy Limited
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NTPC Renewable Energy Limited is a public limited union government company based in Delhi, India, a subsidiary of Ntpc Green Energy Limited. It operates in the power infrastructure and energy projects segment of the infrastructure and utilities sector. It was incorporated on 07 October 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U40107DL2020GOI371032. Its GSTIN is 09AAHCN2047E1ZL (Uttar Pradesh). The company holds 8 GST registrations, all of them active.
The company has an authorised share capital of ₹15,000 Cr and a paid-up capital of ₹10,844 Cr. It is led by directors including Kshanmugha Sundaram and Renu Narang.
Its last annual general meeting (AGM) was held on 23 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ntpc Bhawan Scope Complex 7 Institutional Area Lodhi Road, Delhi, India – 110003.
As per the financials filed for FY 2025, the company reported a revenue of ₹193.99 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹11.13 Cr (net margin -5.7%) and EBITDA of ₹184.13 Cr (EBITDA margin 94.9%). Revenue has grown at a compounded annual rate (CAGR) of 528% over three years.
The company is associated with 1 brand: NTPC Renewable Energy. As per MCA filings, the company has open charges of ₹6,032 Cr and satisfied charges of ₹6,032 Cr on record. Court records list 28 cases involving the company, including 3 filed by the company and 25 filed against it; 4 cases are pending. The company has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in February 2023. Its 5 peer companies in the Infrastructure industry (Power Projects, Renewable Energy), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 2 larger and 3 smaller; the largest is Sun Automation Limited with revenue of ₹208.25 Cr.
For more details, the company can be reached via its website ntpcrel.co.in.
Company details
Contact details
NTPC Renewable Energy Limited's registered office is in Delhi, Delhi. Its website is ntpcrel.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNtpc Bhawan Scope Complex 7 Institutional Area Lodhi Road, Delhi, India – 110003
- IndustryInfrastructure and Utilities, Power Infrastructure & Energy Projects
To see the full contact details of NTPC Renewable Energy Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
NTPC Renewable Energy operates one associated brand: NTPC Renewable Energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops and manages solar, wind, energy storage, and green hydrogen initiatives in India. | ntpcrel.co.in |
Business activity
The main business activity of NTPC Renewable Energy is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of NTPC Renewable Energy Limited, buy the company report.
Financials of NTPC Renewable Energy Limited
FY 2025 filings availableNTPC Renewable Energy Limited reported revenue of ₹193.99 Cr (up 1591% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 528% over three years. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹184.13 Cr | ||||
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| Net Profit (PAT) | -₹11.13 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 94.9% | ||||
| Net Profit Margin | -5.7% | ||||
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To see the full financial statements and ratios of NTPC Renewable Energy Limited, buy the company report.
Board of directors of NTPC Renewable Energy Limited
NTPC Renewable Energy has 4 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kshanmugha Sundaram Also directs: Patratu Vidyut Utpadan Nigam Limited, NTPC Up Green Energy Limited, NTPC Green Energy Limited and 5 more | Director | 11 Jan 2024 | 2 Years 9 Months | Current |
| Renu Narang Also directs: Bhartiya Rail Bijlee Company Limited, Jhabua Power Limited, NTPC Vidyut Vyapar Nigam Limited and 2 more | Director | 07 May 2024 | 2 Years 6 Months | Current |
| Ajay Dua Also directs: NTPC Vidyut Vyapar Nigam Limited, NTPC Mining Limited, Transformers and Electricals Kerala Ltd and 2 more | Director | 21 Feb 2023 | 3 Years 8 Months | Current |
| Deepak Babu Also directs: NTPC Green Energy Limited | Additional Director | 08 Jan 2026 | 0 Years 10 Months | Current |
Peer comparison
NTPC Renewable Energy Limited is compared with the 5 companies closest to it by revenue in the Infrastructure industry (Power Projects, Renewable Energy), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sun Automation Limited | ₹208.25 Cr (FY 2021) | 121.0% | Mumbai, Maharashtra, India | |||
| Abc Renewable Energy (Rj-01) Private Limited | ₹207.97 Cr (FY 2025) | -1.0% | Hyderabad, Telangana, India | |||
| NTPC Renewable Energy Limitedthis company | ₹193.99 Cr (FY 2025) | -₹11.13 Cr | -5.7% | 1591.0% | Delhi, India | |
| Regen Infrastructure and Services Private Limited | ₹192.84 Cr (FY 2019) | 2.0% | Chennai, Tamil Nadu, India | |||
| Khandukhal Rampura Transmission Limited | ₹191.06 Cr (FY 2025) | New Delhi, Delhi, India | ||||
| Ampin Energy Markets India Private Limited | ₹182.09 Cr (FY 2025) | 105.0% | New Delhi, Delhi, India |
To see the full peer comparison of NTPC Renewable Energy Limited, buy the company report.
Auditor
NTPC Renewable Energy Limited is audited by K L C & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K L C & Co. | FY 2023 | 002435N |
Shareholding
The shareholding of NTPC Renewable Energy Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of NTPC Renewable Energy Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Aug 2023 | 100781086 | Others | ₹2,137 Cr | Satisfied | |
| 16 Jun 2023 | 100740559 | Indian Overseas Bank | ₹400 Cr | Satisfied | |
| 07 Nov 2022 | 100643443 | Others | ₹825 Cr | Satisfied | |
| 11 May 2022 | 100578892 | State Bank of India | ₹570 Cr | Satisfied | |
| 28 Mar 2022 | 100563055 | Uco Bank | ₹600 Cr | Satisfied |
To see the full charge records of NTPC Renewable Energy Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
NTPC Renewable Energy Limited has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in February 2023.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2023 | Secondary share transfer | Undisclosed | Buyer: NTPC Green Energy Limited , NTPC Green Energy Limited & Partha Mazumder, NTPC Green Energy Limited & Aditya Dar Seller: NTPC Limited , Ntpc Limited & Aditya Dar, Ntpc Limited & Partha Mazumder |
| Feb 2023 | Rights issue | ₹295.29 Cr | Investors: NTPC Limited |
| Mar 2021 | Rights issue | ₹799.12 Cr | Investors: NTPC Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
NTPC Renewable Energy Limited has 28 court cases on record: 3 filed by NTPC Renewable Energy, 25 filed against it. 4 cases are pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 23 | 21 | 3 |
| District courts | 4 | 4 | 0 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (5 of 28)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed by the company against Grew Energy Private Limited | Pending |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed against the company by M/S Safety Controls and Devices Ltd. | Disposed |
| High Court of Delhi | Court case (FAO(OS) (COMM)) | Filed against the company by M/S Safety Controls and Devices Ltd | Disposed |
| High Court of Delhi | Writ petition | Filed against the company by Grew Energy Private Limited | Disposed |
| High Court, RAJASTHAN | Writ petition | Filed against the company by M/S Rays Power Infra Limited Puna Ram Sen | Disposed |
To see the full case history of NTPC Renewable Energy Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
NTPC Renewable Energy Limited was last rated by Indiarating on 01 Apr 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 01 Apr 2021 |
To see the full credit ratings and regulatory alerts of NTPC Renewable Energy Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for NTPC Renewable Energy Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
NTPC Renewable Energy has 1 joint venture. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
NTPC Renewable Energy Limited has 1 active EPFO establishment as of Oct 10, 2024.
GST
NTPC Renewable Energy has 8 GST registrations: 8 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAHCN2047E1ZL | Uttar Pradesh | Active | 25 Jan 2021 |
| 09AAHCN2047E1DU | Uttar Pradesh | Active | 04 Feb 2021 |
| 08AAHCN2047E1DW | Rajasthan | Active | 02 Apr 2021 |
| 24AAHCN2047E1D2 | Gujarat | Active | 07 Apr 2021 |
To see the full GST registrations and return filing status of NTPC Renewable Energy Limited, buy the company report.
Recent activity
NTPC Renewable Energy Limited has 20 board changes on record since 2021: 5 appointments and 15 cessations. The latest: Deepak Babu was appointed as Additional Director on 08 Jan 2026.
26 earlier events are in the company report.
News
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Frequently asked questions
NTPC Renewable Energy is an active public limited union government company based in Delhi, India. The company works in power infrastructure and energy projects, within the infrastructure and utilities industry. It was incorporated on 07 October 2020 (6+ years old) and is registered under CIN U40107DL2020GOI371032.
NTPC Renewable Energy has 4 current directors:
- Kshanmugha Sundaram - Director
- Renu Narang - Director
- Ajay Dua - Director
- Deepak Babu - Additional Director
The latest financial statements of NTPC Renewable Energy on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 23 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of NTPC Renewable Energy is 09AAHCN2047E1ZL, registered in Uttar Pradesh. The company has 8 GST registrations in all, of which 8 are active. Other active GSTINs include 09AAHCN2047E1DU (Uttar Pradesh), 08AAHCN2047E1DW (Rajasthan), 24AAHCN2047E1D2 (Gujarat).
The CIN (Corporate Identification Number) of NTPC Renewable Energy is U40107DL2020GOI371032. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
NTPC Renewable Energy has 28 court cases on record: 3 filed by the company and 25 filed against it. 4 are pending. Most are in the high courts.
NTPC Renewable Energy was incorporated on 07 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Delhi.
NTPC Renewable Energy has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in February 2023.
The peers of NTPC Renewable Energy by revenue are Sun Automation Limited, Abc Renewable Energy (Rj-01) Private Limited, Regen Infrastructure and Services Private Limited, Khandukhal Rampura Transmission Limited, Ampin Energy Markets India Private Limited, all in the Infrastructure industry (Power Projects, Renewable Energy), with the same principal business activity (electric power generation, transmission and distribution).
Deepak Babu was appointed as Additional Director on 08 Jan 2026. Sarit Maheshwari was appointed as CEO on 10 May 2025. Viveka Nand Paswan ceased to be Additional Director on 08 May 2025. NTPC Renewable Energy has 20 board changes on record in total.
NTPC Renewable Energy can be reached through the website ntpcrel.co.in. Its registered office is in Delhi, India.
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