The company’s renewable energy division, NTPC Green Energy, recovered well from a lackluster stock exchange debut. Within 30 minutes after listing, the shares were up 13.65% and had reached the upper circuit of Rs 122.75 on the BSE. Likewise, the shares went up 13.56% to Rs 122.65 on the NSE, which was a substantial increase…
By FY27, the IPO-bound NTPC Green Energy (NGEL) intends to invest Rs 1 lakh crore in new initiatives and capacity expansion in areas like green hydrogen and storage projects. Gurdeep Singh, chairman and managing director, stated on Wednesday that the company, which currently has an operating capacity of 3.3 gigawatts (GW), aims to quadruple that…
The Securities and Exchange Board of India (SEBI) has approved NTPC Green Energy, the company’s renewable energy business, to move on with its eagerly awaited initial public offering (IPO). The company intends to raise Rs 10,000 crore through the issuance, having first submitted its draft documents to SEBI on September 18, 2024. The IPO will…
The government of Rajasthan and the state-run power giant NTPC have inked a Memorandum of Understanding (MoU) for the development of 25 GW of renewable energy projects in the state, according to NGEL, a wholly owned subsidiary of NTPC. The business stated in a regulatory filing that the Chief Minister of Rajasthan was present when…
Suzlon Group stated on Monday that it has secured the largest wind energy order in India, worth 1166 MW, from NTPC Green Energy Limited, the renewables division of NTPC Limited, following the publication of impressive Q1FY25 results. According to a regulatory filing, Suzlon plans to build 370 wind turbine generators (WTGs) of S144 type, each…
JSW Neo Energy, a JSW Energy subsidiary, declared that it has obtained a letter of award (LoA) from NTPC to establish a 300 MW wind-solar hybrid power plant that is connected to the ISTS. The award is a component of the tariff-based competitive bid that was requested for the creation of 1,000 MW ISTS-connected Wind-Solar…
The state-owned power producer NTPC announced on Monday that its electricity production increased by over 12% between April – February of last year to 364.2 billion units. NTPC Ltd. “recorded 11.92% rise in generation, i.e. 364.2 BU in FY23 through February month, compared to the country’s generation growth of 9.56%,” according to a company release….
Companies involved in solar energy have expressed shock at the government’s sudden removal of solar from “project import regulations,” which gave products intended for projects with discounted customs tariffs. In accordance with its previously stated aim, the Center introduced basic customs duties of 40% (plus a 10% social welfare surcharge) on imported solar modules and…
The Coal Ministry has cancelled the mining leases of West Bengal Power Development Corporation, Monnet Ispat & Energy and staterun NTPC for delays in operationalizing coal blocks and missing production targets, Parliament was informed on Monday. The Ministry penalized a total of 45 companies for delays in commencing operations and missing production targets, according to…
Markets saw a negative day of trading, although broader markets gained momentum in the second half of trading. Bank Nifty cut the Nifty index by 0.2% and both indices closed குறைவாக 0.8% / 0.6% lower. Shares of Coal India, GAIL, NTPC, and PHEL added new long-term levels and saw a huge rise as the Nifty…
