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NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Green Energy, protected 500 MW of solar energy ability
NTPC Green Energy Shares
Shares of NTPC Green Energy rose by approximately 5.2% on Wednesday, getting to Rs 154.30 on the BSE, adhering to the business’s effective quote for a 500 MW solar energy task in a public auction arranged by the Solar Energy Corporation of India (SECI).
NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Green Energy, protected 500 MW of solar energy ability at a toll of Rs 3.52 per kWh. The public auction additionally consists of the facility of Energy Storage Systems (ESS) with an overall ability of 1000 MW/4000 MWh.
In the previous session, NTPC Green Energy shares acquired 1.31%, shutting at Rs 146.65 on the BSE. The business’s market capitalization increased to Rs 1.23 lakh crore, with a high turn over of Rs 56.68 crore on BSE. On November 4, the supply struck a document high of Rs 155.30, climbing 9.28% intraday.
” NTPC Renewable Energy Limited (NTPC REL), a wholly-owned subsidiary of NTPC Green Energy Limited, was the effective prospective buyer in the e-reverse public auction held by SECI on December 9, 2024, for the growth of 2000 MW ISTS-connected Solar PVPower Projects The public auction consists of establishing Energy Storage Systems (ESS) with an overall ability of 1000 MW/4000 MWh. NTPC REL protected 500 MW of solar energy ability at a toll of Rs 3.52 per kWh. As component of the agreement, the business will certainly additionally develop an ESS of 250 MW/1000 MWh together with the solar ability. The Letter of Award (LOA) from SECI is waited for,” stated NTPC Green Energy.
NTPC Green Energy’s stock debuted at Rs 111.60 on the BSE, representing a 3.33% premium over its issue price of Rs 108. On the NSE, the stock 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 company raised Rs 10,000 crore through a fresh issue of up to 92,59,25,926 equity shares, with the shares priced between Rs 102-108 each and a lot size of 138 shares. The IPO was subscribed 2.42 times.
