Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 this is to inform you that NTPC Green Energy Limited a wholly owned subsidiary of NTPC Limited has incorporated a new Company in 50:50 joint venture with Indian Oil Corporation Limited in the name of INDIANOIL NTPC GREEN ENERGY PRIVATE LIMITED. The incorporation date of joint venture company is 2 June 2023.INDIANOIL NTPC GREEN ENERGY PRIVATE LIMITED will develop Renewable Energy based power projects (viz. Solar PV Wind any other RE Energy Storage or any combination of same) tosupply 650 MW or more renewable power on round the clock basis to cater to the requirement of Indian Oil Corporation Limited.
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