NTPC Green Energy Shares Surge Over 3% After Successful Bid and Joint Venture Announcement

NTPC Green Energy share price rose by 3.6% on Monday, reaching an intraday high of ₹133.05 per share on the BSE. The stock gained momentum after NTPC Renewable Energy, a subsidiary of NTPC Green Energy, successfully won a bid in the e-reverse auction held by Uttar Pradesh Power Corporation Limited (UPPCL). However, by 10:07 AM, the stock’s gains had decreased, with shares up by 0.27%, trading at ₹128.7. Meanwhile, the BSE Sensex was up by 0.10%, standing at 79,302.39. The company’s market cap was ₹1,08,531.13 crore. The 52-week high and low for NTPC Green shares were ₹155.3 and ₹111.6, respectively.

NTPC Renewable Energy Wins Auction

NTPC Renewable Energy, part of NTPC Green Energy, emerged as the winning bidder in the e-reverse auction conducted by UPPCL. The auction, held on January 3, 2025, aimed to select solar power developers for setting up 2000 MW of ISTS-connected solar PV projects across India.

Joint Venture with UP Rajya Vidyut Utpadan Nigam

NTPC Green Energy and Uttar Pradesh Rajya Vidyut Utpadan Nigam (UPRVUNL) have formed a joint venture called “NTPC UP Green Energy.” This 51:49 JV will focus on developing, operating, and maintaining renewable energy parks and projects. NTPC Green holds 51% of the stakes in this venture and has subscribed to 51,000 equity shares at ₹10 each.

About NTPC Green Energy

NTPC Green Energy is a subsidiary of NTPC Limited, India’s largest power utility. NTPC is increasingly investing in renewable energy as part of its strategy to transition towards cleaner energy sources. The formation of NTPC Green Energy highlights the company’s commitment to diversifying into solar, wind, and other renewable energy projects.

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