Gurdeep Singh, Chairman and Managing Director of the company and NTPC Limited since 2016, holds a bachelor's degree in Mechanical Engineering from Kurukshetra University and has completed a management program at IIM Ahmedabad. With over 18 years of leadership experience in the power sector, he also chairs North-Eastern Electric Power Corporation Limited, a subsidiary of NTPC. Previously, he served as Managing Director of Gujarat State Electricity Corporation Limited. He is responsible for driving corporate objectives, performance, and strategic growth to achieve the company’s vision. Jaikumar Srinivasan, Director (Finance) of the company and NTPC Limited, is an associate member of the Institute of Cost and Work Accountants of India and holds a bachelor's degree in commerce from Nagpur University. With over 17 years of experience as Director (Finance) in various power sector companies, including NLC India Limited and Maharashtra's State Electricity and Power Generation companies, he oversees financial policies, controls, and practices to align with corporate objectives. Shanmugha Sundaram Kothandapani, Director (Projects) of the company and NTPC Limited, holds a bachelor's degree in Electronics and Communication Engineering from Bharathiar University and a postgraduate diploma in business management from MDI Gurgaon. Associated with NTPC since 1988, he has over 36 years of experience in project management, commissioning, and operations of power stations. As Director (Projects), he oversees timely construction, commissioning, and completion of projects within quality and cost parameters through effective project management.

Review and Recommendation of NTPC Green by IZ team is 4/10 NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, is focused on renewable energy generation, primarily through solar and wind power, with an operational capacity of 3.2 GW and 13 GW under execution. Leveraging NTPC’s strong financial backing and expertise, NGEL is positioned as a significant player in India’s clean energy transition. The company’s reliance on long-term Power Purchase Agreements (PPAs) ensures steady revenue streams. In comparison to peers like Adani Green, NGEL shows robust operational margins (89% OPM and 18.89% NPM) but trades at a higher valuation multiple with a P/E ratio of 261x, reflecting IPO is fully priced in. Adani Green, on the other hand, has a P/E of 179x having larger capacity and revenue base. While NGEL’s profitability and expansion pipeline make it an attractive option, the higher valuation and dependence on NTPC pose risks. However, for investors looking at long-term opportunities in renewable energy, NGEL’s IPO presents a solid growth story backed by India’s ambitious clean energy goals.

NTPC Green Energy Limited NTPC Bhawan, Core -7, SCOPEComplex 7 Institutional Area Lodi Road, New Delhi,-110003 Phone: +91 11 24362577 Email: ngel@ntpc.co.in Website: https://www.ngel.in/