Shares of NTPC rose nearly 2% in Friday’s session after the company announced a strategic partnership with UK-based Octopus Energy Group to expand its clean energy and digital capabilities globally. The development highlights NTPC’s continued push towards renewable energy and digital transformation.

On Thursday, March 19, NTPC signed a Memorandum of Understanding with Octopus Energy during the Bharat Electricity Summit 2026 held in New Delhi. The agreement focuses on cross-border collaboration aimed at decarbonising energy systems and strengthening digital energy solutions.

The MoU was formalised by Jatinder Singh Chandok, Head of International Business Development at NTPC, and Chris Fitzgerald, Group Director of International Affairs at Octopus Energy.

Key focus areas of collaboration

The partnership establishes a flexible, non-binding framework to explore multiple opportunities across the energy value chain. Both companies will collaborate on integrating renewable energy with advanced storage solutions, enabling a more stable and sustainable power grid.

A major focus will also be on leveraging Octopus Energy’s digital platforms to optimise energy distribution and retail operations. In addition, the agreement includes plans to expand electric vehicle charging infrastructure and explore research and development initiatives in emerging energy technologies.

Global expansion plans

While the partnership is rooted in India and the United Kingdom, both companies will explore opportunities in other international markets as well. The collaboration aims to deliver affordable, reliable, and sustainable energy solutions across geographies.

Capacity update

The current commercial capacity of NTPC Green Energy stands at 9,562.68 MW. Following recent additions, the total installed capacity of the group has increased to 9,727.68 MW.

Stock performance

As of Friday, March 20, NTPC shares were trading at Rs 381.45, up 1.98% for the day.

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