New Delhi, Jul 28 (PTI) NTPC Green Energy Ltd (NGEL) has posted a 59 per cent year-on-year rise in consolidated net profit to Rs 220.48 crore in June quarter, driven by higher revenues.

NGEL, the green portfolio entity of power giant NTPC Ltd, had clocked a net profit of Rs 138.61 crore in the first quarter of preceding 2024-25 financial year.

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The company increased its total income to Rs 751.69 crore in the latest April-June quarter, up 24 per cent from Rs 607.43 crore recorded in the same period a year ago.

Its expenses were at Rs 492.55 crore as against Rs 423.99 crore in the corresponding quarter last fiscal.

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NGEL, an umbrella company for green business initiatives of NTPC, undertakes projects through organic and inorganic routes and aims to be the flag-bearer of NTPC's green energy journey to achieve the ambitious target of 60 gugawatt (GW) by FY32.

The company completed its initial public offering (IPO), comprising a fresh issuance of 92,63,29,669 equity shares with a face value of Rs 10 each, during FY25.

The IPO raised a total of Rs 10,000 crore and the company's equity shares were subsequently listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on November 27, 2024.

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