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Green energy stock jumps after it receives order from NHPC for solar projects

Leading green energy company won a 300MW solar project with energy storage at ₹3.09/kWh in NHPC’s 1200MW tender, boosting renewable energy initiatives and supporting India’s sustainability goals.
Green energy stock soars after securing a major NHPC solar project order, boosting renewable sector momentum.
Green energy stock soars after securing a major NHPC solar project order, boosting renewable sector momentum.

Introduction:

Leading green energy company has secured a 300MW solar project in an e-reverse auction for 1200MW ISTS-connected projects. Awarded at ₹3.09/kWh, it showcases efforts to drive renewable energy growth and support India’s green transition.

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Also Read: Stocks To Watch For Budget 2025

Share price movement of NTPC Green Energy:

On January 24, 2025, NTPC Green Energy Ltd opened at ₹114.30, up 1.06% from its previous close of ₹113.10. The stock hit a high of ₹115.70 (2.30%) and a low of ₹111.50. By 3:26 PM, it traded at ₹112.65, down 0.40%, with a market cap of ₹94,922.60 crore.

NTPC Renewable Energy Wins 300MW Solar Project:

NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Green Energy Limited, has successfully secured a 300MW solar project in NHPC’s e-reverse auction. The tender sought developers for 1200MW ISTS-connected solar projects with energy storage systems.

NTPC REL won the project at a competitive tariff of ₹3.09/kWh. The project includes a 150MW/300MWh Energy Storage System (ESS), enhancing solar power reliability. This achievement reflects NTPC REL’s commitment to renewable energy growth and sustainable power generation.

The auction concluded on 23rd January 2025, and NTPC REL now awaits the Letter of Award from NHPC. The initiative aligns with India’s renewable energy goals, demonstrating NTPC REL’s role in advancing the country’s green energy transition.

Recent news on NTPC Green Energy:

As of January 06, 2025, NTPC Green Energy’s subsidiary secured a 1000 MW solar project at ₹2.56/kWh through UPPCL’s e-reverse auction. Trading at ₹129.95, the stock rose 1.25%, awaiting the Letter of Award (LOA).

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

NTPC Green Energy Ltd has faced a challenging period, with a 6.46% decline over the past week and a significant 14.9% drop over the last month, reflecting volatility in the green energy sector’s stock performance.

Also Read: Best Sectors To Watch For Budget 2025

Shareholding pattern of NTPC Green Energy:

All values in %Dec 2024
Promoter89.00%
FII2.20%
DII5.30%
Public3.50%
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About NTPC Green Energy:

Incorporated in April 2022, NTPC Green Energy Ltd. (NSE Symbol: NTPCGREEN) is India’s largest renewable energy public sector enterprise (excluding hydro). The company focuses on developing, constructing, and operating solar and wind projects supported by long-term 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.

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