Green energy stock jumps after it signs JV agreement with CSPGCL for renewable energy projectsGreen energy stock jumps after it signs JV agreement with CSPGCL for renewable energy projects

Introduction:

Green energy stock has entered a joint venture with Chhattisgarh State Power Generation Company, aiming to develop up to 2 GW of renewable energy projects. The partnership focuses on solar, wind, hybrid, and floating solar power in Chhattisgarh and other locations.

Share Price movement of NTPC Green Energy:

On March 11, 2025, NTPC Green Energy Limited opened at ₹94.85, reaching a high of ₹97.65, up 1.51% from its previous close of ₹95.11, and a low of ₹94.50. The stock is currently trading at ₹96.55, with a market cap of ₹81,356.21 crore.

NTPC Green Energy signs JV agreement:

NTPC Green Energy Limited has signed a Joint Venture Agreement (JVA) with Chhattisgarh State Power Generation Company Limited (CSPGCL) on March 10, 2025. The agreement was finalized at the Chhattisgarh Energy Investors Summit in Raipur, aiming to develop renewable energy projects.

The primary objective of the JVA is to establish a joint venture company (JVC) to develop up to 2 GW of renewable energy capacities, including solar, wind, hybrid, and floating solar projects in Chhattisgarh or other identified locations. NGEL will hold 74% of the JVC’s shareholding, while CSPGCL will hold 26%.

The JVC will supply renewable power to CSPGCL, DISCOMs in Chhattisgarh, and other customers across India. The governance of the JVC will involve NGEL appointing three directors and CSPGCL appointing one, ensuring effective management of renewable energy projects.

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Stock performance of NTPC Green Energy for Period of 1 week:

NTPC Green Energy’s stock has seen a significant increase of 9.22% over the past week, reflecting strong positive momentum. This growth highlights investor confidence and market optimism in the company’s renewable energy initiatives and strategic partnerships, driving short-term performance.

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Shareholding pattern of NTPC Green Energy:

All values in %	Dec 2024
Promoters	89.01
FII	2.18
DII	5.28
Retail & others	3.52

About NTPC Green Energy:

NTPC Green Energy is a subsidiary of NTPC, focused on generating renewable energy through solar, wind, and other sustainable sources. The company aims to contribute to India’s clean energy transition, with a vision to significantly expand its renewable energy capacity.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.