76,530.68 MW Group Capacity: Solar Power Company Announces Successful Commissioning of 37.5 MW Phase of 200 MW Gujarat Solar PV Project in Sadla
The company has a market cap of Rs 1 lakh crore with a PE of 318x, an ROE of 6 per cent and an ROCE of 8 per cent.
On Friday, shares of NTPC Green Energy Ltd gained 3.17 per cent to Rs 130.05 per share from its previous closing of Rs 126.05 per share with an intraday high of Rs 133.35 per share and an intraday low of Rs 124.20 per share. The shares of the company saw a spurt in volume by more than 2 times on BSE.
NTPC Green Energy Ltd (a subsidiary of NTPC Ltd) informed that based on a certificate dated December 26, 2024, issued by the Gujarat Energy Development Agency, the first part capacity of 37.5 MW out of 200 MW Gujarat Solar PV Project in Sadla, Gujarat awarded under GUVNL/500 MW/Solar (Phase XI) tender, of NTPC Renewable Energy Limited (a wholly owned subsidiary of NTPC Green Energy Limited) is declared on Commercial Operation w.e.f. December 21, 2024.
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 318x, 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.