NTPC Green Energy Share Price Jumps 7% After Gujarat Solar Project Update

NTPC Green Energy share price (NSE: NTPCGREEN) moved higher on Friday even as the broader market remained weak. The stock gained more than 7% during intraday trade, continuing its upward trend for the third straight session.

The rally came after the company announced progress on its solar power project in Gujarat, which boosted investor sentiment.

NTPC Green Energy Strong Rally in the Last Few Sessions

NTPC Green Energy share price has seen strong momentum in recent days.

• The stock has gained around 21% since March 10, when it closed at ₹86.71 on the National Stock Exchange of India.
• On Friday, it rose 7.25% to an intraday high of ₹104.73.
• The stock has also rebounded about 24.7% from its 52-week low of ₹84, touched earlier this month on March 2.

Despite the broader market decline, the stock continued to attract buying interest.

Gujarat Solar Project Update Boosts Sentiment

The rally followed an announcement related to the Khavda-II Solar PV Project in Gujarat.

NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Green Energy Limited, declared 270 MW of capacity from the project as commercially operational from March 11, 2026.

This 270 MW capacity is part of the 1,200 MW Khavda-II solar project.

Increase in Total Installed Capacity

With the addition of the new capacity, the overall power generation capacity of the NTPC Green Energy Group has increased.

• Previous commercial capacity: 9,292.68 MW
• New capacity after addition: 9,562.68 MW

The expansion strengthens the company’s position in the renewable energy sector.

NTPC Green Energy Share Price Still Below IPO Listing Price

Even after the recent rally, shares of NTPC Green Energy Limited remain below their IPO listing price.

The company launched its ₹10,000 crore IPO and debuted on the stock market on November 27, 2024.

• IPO issue price: ₹108 per share
• Listing price: ₹111.50 on the National Stock Exchange of India, representing a 3.24% premium

During Friday’s session, the stock was trading around ₹99–₹100, still below its listing level.

Read More: Centre Directs States to Prevent LPG Hoarding and Panic Buying Amid Supply Concerns.

Conclusion

Shares of NTPC Green Energy Limited have gained strong momentum in recent sessions, rising sharply after the company announced the commercial operation of a 270 MW solar project in Gujarat. 

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