NTPC Green Energy share price is trading higher in the opening trade on December 23 after the company signed a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar.
At 09:36am, NTPC Green Energy was quoting at Rs 132.60, up Rs 0.55, or 0.42 percent, on the BSE.
The MoU was for investments in Bihar to establish renewable energy projects, including Ground-mounted and floating solar installations, Battery energy storage systems, and Green hydrogen mobility initiatives etc.
The Government of Bihar will facilitate the necessary permissions, registrations, approvals, and clearances from concerned departments, agencies, and authorities to support the projects.
Catch all the market action on our live blog
Last week, the company commenced commercial Operation of 30 MW out of 150 MW Gujarat Solar PV Project, Mesanka, Gujarat of NTPC Renewable Energy, a wholly owned subsidiary of the company.
On December 10, the said subsidiary 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 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.
The company is required to set up an Energy Storage System (ESS) of 250 MW/1000 MWh along with the contracted solar capacity.
NTPC Green Energy stock was listed at Rs 111.50 per share on the NSE, a premium of 3.24 percent over the IPO price of Rs 108 per share.
NTPC Green Energy is a 'Maharatna' central public sector enterprise with a renewable energy portfolio, including solar and wind power assets.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
