NTPC Green Energy rises on inking pact with Bharat Light and Power
NTPC Green Energy is currently trading at Rs. 106.30, up by 0.30 points or 0.28% from its previous closing of Rs. 106.00 on the BSE.
The scrip opened at Rs. 106.05 and has touched a high and low of Rs. 108.50 and Rs. 105.50 respectively. So far 524108 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. 102.60 on 17-Feb-2025.
Last one week high and low of the scrip stood at Rs. 108.50 and Rs. 102.60 respectively. The current market cap of the company is Rs. 90414.52 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 (NGEL) has inked a Memorandum of Understanding (MoU) with Bharat Light and Power (BLP) to jointly explore the off-take of green hydrogen and its derivatives from NGEL and its affiliates to third parties. Opportunities for selling captured carbon or biogenic carbon from NGEL will also be in scope.
NGEL/or through its affiliates shall set up infrastructure required for functioning of the green hydrogen project including Renewable Energy projects and regular operation under B-O-O mode, as a part of its Net Zero commitments.
NTPC Green Energy is a wholly owned subsidiary of NTPC, a ‘Maharatna’ central public sector enterprise.
