NTPC Green Energy signs MoU with CSPGCL

NTPC Green Energy Limited (NSE: NTPCGREEN) is a leading renewable energy arm of NTPC Ltd, focused on developing solar, wind, and hybrid power projects. The company aims to contribute significantly to India’s renewable energy goals and net-zero emissions target.

NTPC Green Energy Limited and Chhattisgarh State Power Generation Company Limited (CSPGCL) have signed a Memorandum of Understanding (MoU) to develop up to 2,000 MW of renewable energy projects, including floating solar, advancing India’s green energy goals.

Share price movement of NTPC Green Energy:

On November 27, 2024, NTPC Green Energy Ltd opened at ?111.60, up 3.41% from its previous close of ?108.00. The stock hit a high of ?122.75 and a low of ?111.60. The stock closed at ?121.75, reflecting a 9.09% increase. The market cap stands at ?1,02,632.70 crore.

NTPC and CSPGCL sign MoU for renewable energy projects:

NTPC Green Energy Limited (NGEL) and Chhattisgarh State Power Generation Company Limited (CSPGCL) signed a Memorandum of Understanding (MoU) in Raipur. The MoU focuses on developing renewable energy projects, including floating solar.

The partnership aims to develop up to 2,000 MW of renewable energy capacity, aligning with India’s green energy targets. The MoU was signed by key officials from CSPGCL, NGEL, and NTPC, including the Managing Director of CSPGCL, Shri S.K. Katiyar.

This collaboration marks a significant step toward boosting India’s renewable energy sector. The project will contribute to the nation’s efforts to transition to clean and sustainable energy while promoting energy security in Chhattisgarh.

Recent news on NTPC Green Energy:

As of November 22, 2024, NTPC Green Energy Ltd’s $1.2 billion IPO was fully subscribed, reflecting strong investor demand for renewable energy stocks, amid a weak market backdrop. The company raised $469 million through anchor allotment.

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