Power Company Inks MoU with Madhya Pradesh Power Generating Company Limited
The company has a market cap of over Rs 80,000 crore with a PE of 240x, an ROE of 6 per cent and an ROCE of 8 per cent.
NTPC Green Energy Limited (NGEL) and Madhya Pradesh Power Generating Company Limited (MPPGCL) signed a Memorandum of Understanding (MoU) on February 24, 2025, at the Global Investors Summit in Bhopal. The agreement aims to collaborate on developing Renewable Energy Parks/Projects in Madhya Pradesh, contributing to the Indian government's energy transition goals. The signing ceremony took place in the presence of Dr. Mohan Yadav, Chief Minister of Madhya Pradesh, Sh. Gurdeep Singh, CMD (NTPC), Sh. Neeraj Mandloi (IAS), ACS (Energy), Government of MP, and other dignitaries.
The MoU outlines a plan to develop solar, wind, and hybrid renewable energy projects, potentially with storage, with a combined capacity of up to 20 GW or more in Madhya Pradesh. NGEL and MPPGCL will explore forming a Joint Venture Company (JVC) to fulfil the Renewable Generation Obligation (RGO) of MPPGCL and the Renewable Purchase Obligation (RPO) of Madhya Pradesh DISCOMs. This partnership seeks to boost renewable energy generation and meet the growing energy demands of the state.
About the Company
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.
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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.
The company has a market cap of over Rs 80,000 crore with a PE of 240x, an ROE of 6 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.