76,530.68 MW Group Capacity: Power Company Commissions Operation of Second Part Capacity Of 30 MW Out Of 150 MW Gujarat Solar PV Project, Mesanka, Gujarat
The company has a market cap of Rs 1 lakh crore with a PE of 330x, an ROE of 7 per cent and an ROCE of 8 per cent.
On Thursday, shares of NTPC Green Energy Ltd plunged 0.55 per cent to Rs 134.80 per share from its previous closing of Rs 135.55 per share.
NTPC Renewable Energy Limited (NTPC REL) has achieved another significant milestone in its renewable energy journey. The second part capacity of 30 MW out of the 150 MW Gujarat Solar PV Project, Mesanka, Gujarat, has commenced commercial operations as on December 11, 2024. This development further strengthens NTPC REL's position as a leading player in the renewable energy sector.
In another notable achievement, NTPC REL emerged as a successful bidder in the recent e-reverse auction conducted by the Solar Energy Corporation of India (SECI). The company secured 500 MW of solar power capacity at a competitive tariff of Rs 3.52 per kWh. Additionally, NTPC REL is obligated to establish an Energy Storage System (ESS) of 250 MW/1000 MWh alongside the solar capacity. The Letter of Award (LOA) from SECI is eagerly awaited.
NTPC Green Energy Limited has been actively contributing to the nation's renewable energy goals. The successful commissioning of the first part capacity of the 105 MW Shajapur Solar Project in Madhya Pradesh on November 29, 2024, has propelled the NTPC group's total installed and commercial capacity to 76,530.68 MW. Furthermore, the strategic partnership between NTPC Green Energy Limited and Chhattisgarh State Power Generation Company Limited aims to develop up to 2,000 MW of renewable energy projects, including innovative floating solar solutions. This collaboration reinforces the commitment of both organizations to sustainable energy practices and a greener future.
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NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, is a leading renewable energy company in India. Incorporated in 2022, NGEL is dedicated to developing, constructing, and operating solar and wind energy projects across the country. With a strong focus on sustainable energy solutions, NGEL aims to contribute significantly to India's renewable energy goals. By leveraging its parent company's expertise and resources, NGEL is well-positioned to become a major player in the renewable energy sector.
The company has a market cap of Rs 1 lakh crore with a PE of 330x, an ROE of 7 per cent and an ROCE of 8 per cent. Investors should keep an eye on this power generation stock.
Disclaimer: The article is for informational purposes only and not investment advice.