Green energy stock jumps after signing MoU with MP Power Generating Company for renewable energy projectsGreen energy stock jumps after signing MoU with MP Power Generating Company for renewable energy projects

Introduction:

Leading green energy player has signed an MoU with a state power company to develop renewable energy projects up to 20 GW. This partnership aims to accelerate India’s energy transition and support sustainable growth through solar, wind, and hybrid solutions.

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Share price movement of NTPC Green Energy:

On February 25, 2025, NTPC Green Energy Ltd opened at ₹101.15, up 0.86% from its previous close of ₹98.45. The stock reached a high of ₹103.00 (4.63%) and a low of ₹98.75. By 10:38 AM, it traded at ₹99.30, with a market cap of ₹83,673.45 crore.

NTPC Green Energy Signs MoU with MPPGCL:

NTPC Green Energy Ltd. (NGEL) signed an MoU with Madhya Pradesh Power Generating Company Ltd. (MPPGCL) on February 24, 2025, at the Global Investors Summit in Bhopal. The agreement aims to develop renewable energy parks and support India’s energy transition.

The partnership focuses on setting up solar, wind, and hybrid projects, with or without storage, up to 20 GW or more in Madhya Pradesh. NGEL and MPPGCL will work together to form a Joint Venture Company (JVC) to fulfill renewable generation obligations.

The MoU was exchanged in the presence of Madhya Pradesh Chief Minister Dr. Mohan Yadav, NTPC CMD Gurdeep Singh, and senior officials. This collaboration will help Madhya Pradesh meet its Renewable Purchase Obligation (RPO) and drive sustainable energy expansion in the state.

Recent news on NTPC Green Energy:

As of February 12, 2025, NTPC Green Energy Ltd, through its joint venture ONGC-NTPC Green Energy Ltd, acquired a 100% stake in Ayana Renewable Power for ₹19,500 crore, marking a major strategic investment in India’s renewable energy sector.

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

NTPC Green Energy Ltd faced a decline in its stock performance, recording a -6.10% return over the past week and a -12.4% drop over the past month, reflecting recent market fluctuations in the renewable energy sector.

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Shareholding pattern of NTPC Green Energy:

Particulars	Dec 2024
Promoter	89.00%
FII	2.20%
DII	5.30%
Public	3.50%

About NTPC Green Energy:

NTPC Green Energy Ltd (NSE: NTPCGREEN), a subsidiary of NTPC Ltd., is India’s largest renewable energy public sector enterprise. Established in 2022, it develops, constructs, and operates solar and wind projects, backed by long-term Power Purchase Agreements (PPAs).

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.