NTPC Green Energy to Develop $21 Billion Green Hydrogen Hub in Andhra Pradesh
Key Ideas
  • NTPC Green Energy Limited plans a $21 billion green hydrogen hub in Andhra Pradesh to boost the country's carbon-free fuel supply.
  • The project in Pudimadaka under India's National Green Hydrogen Mission aims to produce 1,500 tons of green hydrogen per day, targeting export markets.
  • NGEL, a subsidiary of NTPC Limited, focuses on renewable energy projects to contribute to India's clean energy goals and reduce carbon emissions.
  • The company's ownership breakdown includes 89.01% promoters, 2.24% FIIs, 5.08% DIIs, and 3.68% public, reflecting investor confidence in its growth.
NTPC Green Energy Limited, a leading green energy PSU in India, has announced plans to develop a green hydrogen hub worth $21 billion in Andhra Pradesh. The project, part of India's National Green Hydrogen Mission, aims to increase the country's carbon-free fuel supply. It will involve the development of 20 gigawatts of renewable energy capacity to produce 1,500 tons of green hydrogen per day, along with derivatives like green methanol, urea, and sustainable aviation fuel. NGEL, a subsidiary of NTPC Limited, is dedicated to harnessing renewable energy sources and contributing to India's clean energy goals. The company focuses on solar, wind, and hybrid power systems to reduce carbon emissions and enhance energy security. The ownership pattern of NTPC Green Energy Limited includes 89.01% promoters, 2.24% FIIs, 5.08% DIIs, and 3.68% public, indicating strong investor confidence. Financially, the company saw a decline in revenue and net profit in the last fiscal year. With revenue decreasing by 10.9% and net profit also showing a decline, the company's Return on Equity (RoE) is 3.82% and Return on Capital Employed (RoCE) is 4.21%. The debt-to-equity ratio stands at 2.2, reflecting the company's financial leverage. Overall, the development of the green hydrogen hub in Andhra Pradesh signifies NTPC Green Energy Limited's commitment to sustainable energy solutions and marks a significant step towards achieving India's clean energy goals.
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