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As per the exchange filing, the agreement establishes a non-binding framework for cooperation aimed at identifying, assessing and pursuing opportunities in electricity distribution and retail, renewable energy and storage, electric vehicle charging infrastructure, digital energy platforms, innovation, research and development, and capacity building.
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NTPC Limited said on Thursday, March 19, that it has signed a Memorandum of Understanding (MoU) with Octopus Energy Group to explore strategic collaboration across the power and energy sector.
The MoU was signed on the sidelines of Bharat Electricity Summit 2026, being held from March 19–22, 2026, under the aegis of the Ministry of Power.
As per the exchange filing, the agreement establishes a non-binding framework for cooperation aimed at identifying, assessing and pursuing opportunities in electricity distribution and retail, renewable energy and storage, electric vehicle charging infrastructure, digital energy platforms, innovation, research and development, and capacity building.
The collaboration will explore opportunities across India, the United Kingdom and other mutually agreed geographies, with a focus on enhancing efficiency, affordability, reliability and clean energy adoption.
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Earlier on Feb 26, the firm had informed that it signed two Memorandums of Understanding (MoUs) with Gujarat Mineral Development Corporation to explore strategic collaboration in the utilisation of coal and lignite resources.
The first MoU focuses on establishing a partnership for utilisation of coal from GMDC’s coal blocks for power generation at NTPC’s existing and upcoming power stations. The second MoU aims to explore coal and lignite gasification and its downstream commercialisation, including pilot projects and syngas utilisation.
State-owned power giant had reported a 5.8% year-on-year increase in net profit for the third quarter, FY26, with profit rising to ₹4,987 crore compared with ₹4,711 crore in the same period last year. The company’s profit was slightly above the CNBC-TV18 poll estimate of ₹4,976.7 crore.
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Revenue for the quarter fell 1.8% year-on-year to ₹40,643 crore, down from ₹41,368 crore in the corresponding period of the previous year, and below the CNBC-TV18 poll of ₹43,100.6 crore.
NTPC Limited shares closed at ₹374.90 on March 19, down ₹3.60 or 0.95% on the day at NSE.
