NTPC Green Energy Ltd Share Price – NSE /  BSE

Power Generation & Distribution, Mid Cap

NTPC Green Energy (NGEL), a subsidiary of NTPC, has signed a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar, during “Bihar Business Connect 2024” Global Investors' Summit held on 20 December 2024, in Patna.

The MoU outlines a framework for significant investments in Bihar to establish renewable energy projects, including:

Ground-mounted and floating solar installations,
Battery energy storage systems, and
Green hydrogen mobility initiatives etc.

The Government of Bihar will facilitate the necessary permissions, registrations, approvals, and clearances from concerned departments, agencies, and authorities to support the projects.

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The agreement states a framework for significant investments in Bihar to establish renewable energy projects, including ground-mounted and floating solar installations, battery energy storage systems, green hydrogen mobility initiatives, etc.

The Government of Bihar will facilitate the necessary permissions, registrations, approvals, and clearances from concerned departments, agencies, and authorities to support the projects.

NTPC Green Energy (NGEL), promoted by ‘Maharatna’ central public sector enterprise NTPC, is the largest renewable energy (excluding hydro) public sector enterprise in terms of operating capacity as of September 30, 2024. Operational capacity of the company as of 30 September 2024 was 3320 MW across 6 states.

The firm reported a consolidated net profit of Rs 176.65 crore and net sales of Rs 1,082.29 crore for the six months ended on 30 September 2024.

NTPC Green Energy listed on the bourses on 27 November 2024. The scrip was listed at Rs 111.60, exhibiting a premium of 3.33% to the issue price.

Shares of NTPC Green Energy declined 2.04% to close at Rs 132.05 on Friday, 20 December 2024.

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NTPC Green Energy announced that on the basis of certificate dated 18 December 2024 issued by Gujarat Energy Development Agency, second part capacity of 30 MW out of 150 MW Gujarat Solar PV Project, Mesanka, Gujarat of NTPC Renewable Energy (a wholly owned subsidiary of NTPC Green Energy) is declared on Commercial Operation w.e.f. 00:00 Hrs of 11 December 2024.

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The company said that the letter of award (LOA) from SECI is awaited.

NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited, has emerged as a successful bidder in the e-reverse auction conducted by the Solar Energy Corporation of India (SECI) for the development of 2000 MW ISTSconnected Solar PV Power Projects.

The auction, held on 9 December 2024, also includes the establishment of Energy Storage Systems (ESS) with a total capacity of 1000 MW/4000 MWh.

As per the terms of the tender, the company is required to set up an energy storage system (ESS) of 250 MW/1000 MWh along with the contracted solar capacity.

Shares of NTPC Green Energy were listed on the bourses on 27 November 2024. The scrip was listed at Rs 111.60, exhibiting a premium of 3.33% to the issue price.

NTPC Green Energy (NGEL), promoted by ‘Maharatna’ central public sector enterprise NTPC, is the largest renewable energy (excluding hydro) public sector enterprise in terms of operating capacity as of September 30, 2024. Operational capacity of the company as of 30 September 2024 was 3320 MW across 6 states.

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