NTPC Green Share Price | Rocket rise in NTPC Green stock, beneficial update on the company – NSE: NTPCGREEN
NTPC Green Share Price | NTPC Green Energy Company, a subsidiary of NTPC Limited Company, has received an important update. NTPC Green has signed an official MoU with the Industries Department, Government of Bihar to promote renewable energy activities in the state. (NTPC Green Energy Company Excerpt)
NTPC Green Energy Company Update
NTPC Green Energy Limited, a subsidiary of NTPC Limited Company, has signed an MoU with the Department of Industries, Government of Bihar during the Bihar Business Connect 2024 Global Investors Summit held at Patna on 20 December 2024. On Monday (23 December 2024), the stock was trading at Rs 333, down 0.21%. The MoU was exchanged between Bihar Industries Minister Nitish Mishra and Bihar Government Director Alok Ranjan Ghosh and Additional GS Bimal Gopalachari, NTPC Green Energy Limited Company. The main objective of the MoU is to develop land based and floating solar power plants, battery energy storage systems and green hydrogen mobility initiatives in the state of Bihar. NTPC Green Energy Company, established in April 2022, is a subsidiary of NTPC Limited. In February 2023, NTPC Limited had transferred 15 renewable energy assets to the subsidiary. By September 2024, the company is the country's largest renewable energy PSU in terms of operating capacity. Solar and wind power generation is the business of NTPC Limited Company. It has operational assets of 3220 MW solar and 100 MW wind power projects in six states across the country. The price band for the IPO of NTPC Green Energy Company was fixed at Rs 102-108. Compared to this price band, shares of NTPC Green Energy Company were listed at Rs 111. NTPC Green Energy shares closed at a premium of 3.33 percent in the BSE stock market. It was listed on the NSE at a premium of over 3.24% or Rs 111.50.
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