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NTPC Green Energy's board has approved the financial results for the quarter. Consolidated revenue from operations for the quarter stood at 680.21 Cr, with profit after tax (PAT) at 220.48 Cr. These results show strong year-on-year growth despite a slight sequential dip.
Crucially, the company has utilized 6,596.49 Cr of its IPO proceeds, primarily for debt repayment at its subsidiary, NTPC Renewable Energy Limited. The remaining 3,350 Cr from the IPO is currently held in bank deposits. Progress continues on the Green Hydrogen Hub project, with amortization of the long-term leasehold land already underway.