NTPC Limited has incorporated NTPC (Mauritius) Energy Limited as a wholly owned subsidiary in Mauritius. The incorporation was completed on June 26, 2026, and was disclosed to the stock exchanges on the same date. The information was submitted to both BSE and NSE.
The subsidiary has been set up with an initial capital of MUR 1 million, equivalent to approximately Rs 0.20 crore. The exchange rate used for the conversion was MUR 1 to Rs 1.98.
NTPC (Mauritius) Energy Limited will develop a proposed Floating Solar Photovoltaic (FSPV) project with a Battery Energy Storage System (BESS) in Mauritius. The entity is also authorised to undertake any power projects and other businesses related to the power sector in the country.
NTPC holds 100% of the shares in the newly incorporated entity. The subscription consideration will be made entirely in cash. The subsidiary was incorporated under the laws of Mauritius and is classified under the power generation industry.
The incorporation follows a prior disclosure made by NTPC on December 23, 2025, regarding its plan to set up the subsidiary. NTPC (Mauritius) Energy Limited is a newly incorporated company with no turnover to date.
The project requires approvals from the Ministry of Power, DIPAM, and the Registrar of Companies in Mauritius. The subsidiary will enable NTPC to pursue power projects in Mauritius, including renewable energy generation with battery storage systems.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.