NTPC Green Energy share price rose over one per cent in early trade on January 6 after the company’s subsidiary bagged a 1000 MW power project from Uttar Pradesh Power Corporation Limited (UPPCL).
At 09:27 am, NTPC Green Energy was quoting at Rs 129.95, up Rs 1.60 or 1.25 percent on the BSE.
The company’s arm NTPC Renewable Energy (NTPC REL) bagged a 1000 MW capacity at an impressive rate of Rs 2.56/kWh, however, the Letter of Award (LoA) from UPPCL is awaited.
The wholly-owned subsidiary has emerged as a successful bidder in the e-reverse auction conducted by UPPCL for selection of solar power developers for setting up 2000 MW ISTS-connected solar PV power projects in India under tariff-based competitive bidding held on January 3, 2025.
In December, the company signed a memorandum of understanding (MoU) with the Industries Department, Government of Bihar for setting up renewable energy projects, including ground-mounted and floating solar installations, battery energy storage systems and green hydrogen mobility initiatives, etc.
On December 10, the said subsidiary has emerged as a successful bidder in the e-reverse auction conducted by Solar Energy Corporation of India (SECI) for development of 2000 MW ISTS-connected solar PV power projects.
The stock of NTPC Green Energy got listed on NSE at Rs 111.50 per share, up 3.24 per cent from the IPO price of Rs 108 per share.
NTPC Green Energy is a ‘Maharatna’ Central Public Sector Enterprise having renewable energy portfolio comprising solar and wind power assets.
