NTPC.NSE

NTPC Ltd.

Amit Rautela has been appointed as the new Chief Financial Officer of Patratu Vidyut Utpadan Nigam, a joint venture between NTPC and the Jharkhand government. Rautela, who previously held a similar role at Meja Urja Nigam Private Limited, brings over 27 years of experience to his new position.

ACEN Corp. on Thursday said that it had consolidated its renewable energy (RE) operations in India after acquiring full ownership of a joint venture with UPC Renewables, strengthening its presence in one of the world’s fastest-growing clean energy markets. In a statement, the Ayala-led energy firm said that subsidiary ACEN Renewables International Pte. Ltd. (ACRI) now owned 100 percent of the India development platform, giving ACEN full control of a fast-growing and diversified renewable energy portfolio. Following the acquisition, ACEN now fully owns a 1,059-megawatt-direct current (MWdc), or 819-MW alternating current (MWac), portfolio consisting of three renewable energy projects under construction and in advanced development stages in Rajasthan and Karnataka. The company also gained a development pipeline of nearly 7 gigawatts of renewable energy projects across India. ACEN said the consolidation reinforced its long-term commitment to India’s clean energy transition and supports its broader strategy to scale up RE capacity across key growth markets in the Asia-Pacific region. “India is a core market for ACEN’s international growth, and this transaction reflects our long-term confidence in the country’s renewable energy sector,” said Patrice Clausse, group chief investments officer and president and chief executive officer of ACEN International. “With full ownership of this platform, we are well positioned to accelerate development, optimize our portfolio, and continue delivering clean, reliable power at scale,” he added.

New Delhi / Amaravati (Andhra Pradesh) [India], February 3: NTPC Green Energy Limited (NGEL), a subsidiary of India's largest power utility NTPC Ltd., and Assago Industries Pvt. Ltd. (Assago), a fast-growing player in bio-energy and sustainable manufacturing, today announced the signing of a strategic Memorandum of Understanding (MoU) to develop and operationalize India's first large-scale Green Urea production ecosystem within the upcoming Green Hydrogen Hub at Pudimadaka, Andhra Pradesh.

In this briefing: Ambuja Cements Ltd - Performance Below Estimates On Higher Cost; Retain BUY Nestle India Ltd - Steller Topline Growth; Margins Under Pressure Relaxo Footwears Ltd - Soft Quarter Continues; Maintain HOLD KPIT Technologies Ltd - Soft Quarter; Solution-Based Transformation NTPC - Q3 - Stable Performance Backed by Capacity Additions 1. Ambuja Cements Ltd - Performance Below Estimates On Higher Cost; Retain BUY Capacity Addition to Support Volume and Revenue Growth: The company is expanding capacity from 109 MTPA (including 8.5 MTPA from Orient Cement) to 115 MTPA by FY26. It now targets 155 MTPA by FY28, supported by incremental expansion and debottlenecking initiatives. With current utilisation at 69%, there remains meaningful upside potential as demand strengthens. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below. 2. Nestle India Ltd - Steller Topline Growth; Margins Under Pressure Nestlé reported an 18.5% YoY growth in revenue, supported by its strongest volume expansion in nearly five years.