NTPC Green Energy gains after signing JVA with Chhattisgarh State Power Generation Company
NTPC Green Energy is currently trading at Rs. 95.79, up by 0.81 points or 0.85% from its previous closing of Rs. 94.98 on the BSE.
The scrip opened at Rs. 94.97 and has touched a high and low of Rs. 97.61 and Rs. 94.53 respectively. So far 267787 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 155.30 on 04-Dec-2024 and a 52 week low of Rs. 84.60 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 98.20 and Rs. 86.13 respectively. The current market cap of the company is Rs. 81339.36 crore.
The promoters holding in the company stood at 89.01%, while Institutions and Non-Institutions held 7.46% and 3.53% respectively.
NTPC Green Energy has signed a Joint Venture Agreement (JVA) with Chhattisgarh State Power Generation Company (CSPGCL) on March 10, 2025. The company has signed JVA to form Joint Venture Company (JVC). The objective of the proposed JVC will be to develop, operate and maintain Renewable Energy Park including UMREPP and Project(s) in State of Chhattisgarh or any other identified locations comprising of Solar/Wind/Hybrid upto 2 GW capacities and identification of reservoirs for Development of Floating Solar Projects.
The shareholding pattern of the proposed JVC will be 74% by the company and 26% by CSPGCL.
NTPC Green Energy is a wholly owned subsidiary of NTPC, a ‘Maharatna’ central public sector enterprise. The company is mainly engaged in the activity of developing, building, owning, operating and maintaining utility scale grid connected solar and wind power projects (through O&M operations and in-house engineering).
