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NTPC green energy signs MoU with Chhattisgarh State Power Generation for development of renewable energy projects

NTPC Green Energy Limited and Chhattisgarh State Power Generation Company Limited signed an MoU to develop up to 2,000 MW of renewable energy projects, including floating solar, supporting India's green energy transition.
NTPC Green Energy signs MoU with Chhattisgarh Power Generation for renewable energy project development.
NTPC Green Energy signs MoU with Chhattisgarh Power Generation for renewable energy project development.

Introduction:

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.

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Also Read: NTPC Green Energy Shares make Lukewarm Debut with 3.24% Premium at ₹111.50 on NSE

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 the development of 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 in the presence of key officials from CSPGCL, NGEL, and NTPC, including 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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Also Read:  Agarwal Toughened Glass India IPO GMP Highlights, Read Details!

About the company NTPC Green Energy:

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.

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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