NTPC Limited has received an upgrade in its Environmental, Social, and Governance (ESG) rating from ‘B’ to ‘BB’ by MSCI ESG Ratings, effective March 23, 2026, according to an official regulatory filing submitted to the stock exchanges.
The upgrade marks the second ESG rating improvement for NTPC during the current financial year, reflecting the company’s strengthened focus on sustainability, corporate governance, and climate responsibility. The improved rating highlights NTPC’s ongoing efforts to transition toward a cleaner energy portfolio while reinforcing ESG practices across its management and board-level governance structures.
In its disclosure made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company informed both BSE Limited and the National Stock Exchange of India Limited about the rating revision.
The company clarified that it did not commission or engage MSCI ESG Ratings for the assessment. The rating agency independently prepared the evaluation based on information available in the public domain.
The development underscores NTPC’s growing emphasis on sustainability initiatives and the integration of ESG principles as it continues to expand its role in India’s evolving energy transition landscape.
