11 Dec 2024

NTPC Green Energy Secures 500 MW Solar Power Contract in SECI Auction

NTPC Green Energy saw its stock price rise to ₹148.60, gaining 1.33% or 1.95 points from its previous close of ₹146.65 on the BSE. The stock opened at ₹152.10 and fluctuated between a high of ₹154.30 and a low of ₹147.25 during the trading session, with a volume of 24,60,001 shares traded.

This BSE group 'B' stock, with a face value of ₹10, recently recorded its 52-week high of ₹155.30 on December 4, 2024, and a 52-week low of ₹111.60 on November 27, 2024. Over the past week, it has ranged between ₹154.30 and ₹139.25. The company’s market capitalization currently stands at ₹1,26,437.08 crore. Promoters hold 89.01% of the company, while institutions and non-institutional investors own 7.44% and 3.55%, respectively.

NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Green Energy, emerged as a winner in a Solar Energy Corporation of India (SECI) auction on December 9, 2024. The bid was for the development of 2,000 MW of ISTS-connected Solar PV Power Projects, coupled with Energy Storage Systems (ESS) of 1,000 MW/4,000 MWh capacity. NTPC REL secured a 500 MW share at a tariff of ₹3.52 per kWh. Along with the solar capacity, the company will establish an ESS of 250 MW/1,000 MWh. The official Letter of Award (LOA) from SECI is awaited.

NTPC Green Energy, a wholly-owned subsidiary of NTPC, is focused on renewable energy projects, advancing through both organic and inorganic expansions.