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NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Green Energy, secured 500 MW of solar energy capability
NTPC Green Energy Shares
Shares of NTPC Green Energy surged by as much as 5.2% on Wednesday, reaching Rs 154.30 on the BSE, following the corporate’s profitable bid for a 500 MW solar energy challenge in an public sale organized by the Solar Energy Corporation of India (SECI).
NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Green Energy, secured 500 MW of solar energy capability at a tariff of Rs 3.52 per kWh. The public sale additionally contains the institution of Energy Storage Systems (ESS) with a complete capability of 1000 MW/4000 MWh.
In the earlier session, NTPC Green Energy shares gained 1.31%, closing at Rs 146.65 on the BSE. The firm’s market capitalization rose to Rs 1.23 lakh crore, with a excessive turnover of Rs 56.68 crore on BSE. On November 4, the inventory hit a document excessive of Rs 155.30, rising 9.28% intraday.
“NTPC Renewable Energy Limited (NTPC REL), a wholly-owned subsidiary of NTPC Green Energy Limited, was the profitable bidder within the e-reverse public sale held by SECI on December 9, 2024, for the event of 2000 MW ISTS-connected Solar PV Power Projects. The public sale contains organising Energy Storage Systems (ESS) with a complete capability of 1000 MW/4000 MWh. NTPC REL secured 500 MW of solar energy capability at a tariff of Rs 3.52 per kWh. As a part of the contract, the corporate may also set up an ESS of 250 MW/1000 MWh together with the photo voltaic capability. The Letter of Award (LOA) from SECI is awaited,” said NTPC Green Energy.
NTPC Green Energy’s inventory debuted at Rs 111.60 on the BSE, representing a 3.33% premium over its subject value of Rs 108. On the NSE, the inventory opened at Rs 111.50, a 3.24% premium on November 27.
The IPO of Delhi-based NTPC Green Energy was open from November 19-22. The firm raised Rs 10,000 crore by means of a contemporary subject of as much as 92,59,25,926 fairness shares, with the shares priced between Rs 102-108 every and loads measurement of 138 shares. The IPO was subscribed 2.42 instances.
