NTPC Green Energy Shares Climb 5.2% On NSE After Winning 500MW Solar Project

NTPC Green energy shares climed 5.28 per cent on NSE trying to touch the record levels after company's subsidiary emerged victorious for the developement of the 2000 MW solar PV power projects.

NTPC Green Energy Limited (REL) secured 500 MW of solar power capacity at a tariff of Rs. 3.52 per kWh. The auction includes the establishment of Energy Storage Systems (ESS) with a total capacity of 1000 MW/4000 MWh.

Stock performance

The shares of NTPC Green Energy went on to touch the day high level of Rs 154.40 per share on the NSE (National Stock Exchange) around 5.28 percent after winning a contract of 500 MW.

NTPC green energy shares were trading around Rs 149.51 pe share on the NSE (National Stock Exchange), with surge of 1.95 per cent, amounting to Rs 2.86 per share on the Indian bourse.

Aution details

The Solar Energy Corporation of India (SECI) held an e-reverse auction for the development of 2000 MW ISTSconnected Solar PV Power Projects, and NTPC Renewable Energy Limited (NTPC REL), a fully owned subsidiary of NTPC Green Energy Limited, emerged as a successful bidder.

The installation of Energy Storage Systems (ESS) with a combined capacity of 1000 MW/4000 MWh is also included in the December 9, 2024, auction. At a rate of Rs. 3.52 per kWh, NTPC REL was able to secure 500 MW of solar power capacity.

In addition to the contracted solar capacity, the company must install an Energy Storage System (ESS) with a capacity of 250 MW/1000 MWh, per the terms of the tender. The SECI Letter of Award (LOA) is still pending.

Stock's recent listing

The BSE listed the state-run renewable energy company's stock at Rs 111.60, which was 3.33 percent higher than its issue price of Rs 108. Similar to this, on November 27, the stock began trading on the NSE at a premium of 3.24 percent over the issue price of Rs 111.50.