0453 GMT - NTPC Green Energy seems positioned to capture quickening renewable energy demand in India, HDFC Securities analysts say, citing the company's capacity addition plans backed by its parent's proven execution. The Indian renewable energy arm of NTPC plans to expand its renewable energy operating capacity to 60 gigawatts by FY 2032 from around 8GW as of December 2025, the analysts say in a note. Alignment with India's 500GW renewable energy plan target by FY 2030 provides a substantial growth path, while a clear focus on profitable growth and disciplined capital allocation enhances NTPC Green Energy's investment appeal. The brokerage initiates coverage of the stock with a buy rating and a target price of INR121.00. Shares are 1.1% higher at INR97.23. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 18, 2026 00:53 ET (04:53 GMT)
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