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NTPC Green Energy inks MoU with Paradip Port Authority to develop green hydrogen projectsNTPC Green Energy and Paradip Port Authority sign MoU for green hydrogen projects during India Maritime Week, with Odisha CM Mohan Charan Majhi present.By Megha Rani   October 27, 2025, 10:35:10 PM IST (Published)2 Min ReadState-run NTPC Green Energy Ltd, a subsidiary of NTPC Ltd, has signed a Memorandum of Understanding (MoU) with the Paradip Port Authority to explore collaboration on green hydrogen initiatives. The agreement was formalised on October 27, 2025, during India Maritime Week in Mumbai, in the presence of Odisha Chief Minister Mohan Charan Majhi.

Under the MoU, both entities will work together to develop and implement green hydrogen-based mobility projects within the Paradip Port area and assess opportunities for setting up projects related to green hydrogen and its derivatives. The partnership aligns with NTPC’s broader goal of accelerating India’s transition to clean energy and promoting sustainable port operations.

Last week, NTPC Green Energy announced that 9.9 MW of its 92.4 MW wind power project in Bhuj, Gujarat, has become commercially operational from October 25, 2025. The project was developed by Ayana Renewable Power Four Pvt Ltd, a subsidiary of Ayana Renewable Power Pvt Ltd and a wholly owned arm of ONGC NTPC Green Pvt Ltd—a joint venture between ONGC and NGEL.

Q1 results

For the April-June quarter of FY26, NTPC Green Energy reported a 59% year-on-year jump in net profit to ₹220 crore from ₹138 crore a year ago. Revenue rose 17.6% to ₹680 crore, while EBITDA increased 17.8% to ₹603 crore. The company maintained strong profitability, with EBITDA margin stable at 88.6%, despite higher expenses.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsGreen hydrogenHydrogenMoUNTPCNTPC Green Energy