Shares of recently listed NTPC Green Energy gained 4% during today’s session to hit Rs 127.55 on the BSE after the company announced successful commissioning of the first phase of the 105 MW Shajapur Solar Project having a capacity of 55 MW.
In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that, after successful commissioning, NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Green Energy Limited, has announced the first tranche capacity of 55 MW out of the 105 MW Shajapur Solar Project (Unit-I) at Shajapur, Madhya Pradesh to come into commercial operation from 0:00 AM on November 29, 2024.
Despite poor market sentiment, the stock has inflation 18% in just two days from its IPO price of Rs 108.
The market capitalisation of NTPC’s green energy division touched Rs 1 lakh crore on the same day its shares were listed on the exchanges, marking a 10% increase after a lacklustre launch.
NTPC’s renewable energy division made its debut on NSE at Rs 111.50, a 3.2% premium to the issue price.
