NTPC shares rally 2.4%: Firm signs MoU with Octopus Energy Group, UK, for co-operation in power sector

The MoU was signed on the sidelines of the Bharat Electricity Summit 2026, being held from March 19 to March 22, 2026.

NTPC said in its press release that the MoU establishes a non-binding framework for cooperation aimed at identifying, assessing, and pursuing opportunities in electricity distribution and retail, renewable energy and storage, electric vehicle (EV) charging infrastructure, digital energy platforms, innovation, research and development, and capacity building.

"The collaboration will explore opportunities across India, the United Kingdom, and other mutually agreed geographies, with a focus on enhancing efficiency, affordability, reliability, and clean energy adoption," NTPC said.

About Octopus Energy Group

Octopus Energy Group is a British company operating in the fields of energy generation and supply. Headquartered in London, it has operations in the United Kingdom, France, Germany, Italy, Spain, Australia, Japan, New Zealand, and the United States.

According to available reports, Octopus Energy is the UK's largest supplier of domestic electricity and gas, with customers in 7.7 million households as of December 2025.

NTPC: Recent updates

On Thursday morning (March 19, 2026), NTPC said the fourth part capacity of 165 MW out of the 1200 MW Khavda-II Solar PV Project located in Gujarat of NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Green Energy Limited, is declared in Commercial Operation w.e.f. 00:00 hrs of 19.03.2026.

The current commercial capacity of NTPC Green Energy Limited Group stands at 9562.68 MW. With the addition of this capacity, the total installed capacity of the NTPC Green Energy Limited Group will increase to 9727.68 MW.

NTPC Green Energy Ltd (NGEL) is a wholly owned subsidiary of NTPC Limited.

PVUNL Unit 2 Synchronised in Jharkhand

On March 17, the Patratu Vidyut Utpadan Nigam Ltd (PVUNL), a subsidiary of National Thermal Power Corporation (NTPC), on Tuesday successfully synchronised its second unit with an installed capacity of 800 MW in Jharkhand's Ramgarh, a senior official said.

The synchronisation of the second unit was done four months after the first facility of the same capacity was commissioned on November 5, 2025, the official said.

"Super Critical Thermal Power Project (STTP), unit-2 of 800 MW capacity in phase-1 construction, has been successfully synchronised. The unit-2 marks a major milestone in the project's journey," a statement issued by PVUNL said.

"The successful synchronisation of unit 2 stands as a testament to strong teamwork, meticulous planning, and seamless coordination among PVUNL, BHEL, and all associated stakeholders," it said.

PVUNL is setting up a 4,000-MW supercritical thermal power project in two phases.