NTPC Green, NTPC trade higher amid plans of Rs 96,000 crore investment in Chhattisgarh for clean energy projects

NTPC Green trades higher, NTPC off day's low as company plans Rs 96,000 crore investment in Chhattisgarh for clean energy projects

Shares of NTPC and its subsidiary NTPC Green Energy Ltd traded higher on Tuesday after the company announced plans to invest Rs 96,000 crore in clean energy projects in Chhattisgarh.

NTPC shares recovered from early losses and were up nearly 0.2 percent, while NTPC Green Energy gained around 1.5 percent in intraday trade.

The company said it has signed multiple agreements with the Chhattisgarh government to develop renewable and hydro projects in the state.

"NTPC Group to invest Rs 96,000 crore in Chhattisgarh. NTPC, along with its subsidiary NTPC Green Energy Ltd (NGEL), today signed multiple agreements worth Rs 96,000 crore with the state government at the Chhattisgarh Energy Investors Summit-2025 held in Raipur," NTPC said in a statement.

The company has signed three key agreements, including a Memorandum of Understanding (MoU) with the state government for setting up 4,200 MW of nuclear capacity in Chhattisgarh at an estimated investment of Rs 80,000 crore.

Another MoU was signed between NTPC and Chhattisgarh State Power Generation Company Ltd (CSPGCL) for a proposed investment of Rs 5,876 crore to develop a 1,200 MW pumped hydro storage project at Sikaser in the Gariyaband district.

Additionally, a Joint Venture Agreement (JVA) was signed between NTPC Green Energy Ltd and CSPGCL to set up renewable energy projects of up to 2 GW in Chhattisgarh, with an estimated investment of Rs 10,000 crore.

(PTI Inputs)

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