NTPC Green Energy rises as its arm wins 500 MW solar power contract in SECI Auction
NTPC Green Energy is currently trading at Rs. 148.60, up by 1.95 points or 1.33% from its previous closing of Rs. 146.65 on the BSE.
The scrip opened at Rs. 152.10 and has touched a high and low of Rs. 154.30 and Rs. 147.25 respectively. So far 2460001 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. 111.60 on 27-Nov-2024.
Last one week high and low of the scrip stood at Rs. 154.30 and Rs. 139.25 respectively. The current market cap of the company is Rs. 126437.08 crore.
The promoters holding in the company stood at 89.01%, while Institutions and Non-Institutions held 7.44% and 3.55% respectively.
NTPC Green Energy’s wholly owned subsidiary -- NTPC Renewable Energy (NTPC REL) has emerged as a successful bidder in the e-reverse auction conducted by the Solar Energy Corporation of India (SECI) for the development of 2000 MW ISTS-connected Solar PV Power Projects. The auction, held on December 9, 2024, also includes the establishment of Energy Storage Systems (ESS) with a total capacity of 1000 MW/4000 MWh.
NTPC REL secured 500 MW of solar power capacity at a tariff of Rs 3.52 per kWh. As per the terms of the tender, the company is required to set up an Energy Storage System (ESS) of 250 MW/1000 MWh along with the contracted solar capacity. The Letter of Award (LOA) from SECI is awaited.
NTPC Green Energy is a wholly-owned subsidiary of NTPC. It is a renewable energy company that focuses on undertaking projects through organic and inorganic routes.
