The tender, aimed at the selection of solar power developers for setting up 2000 MW ISTS-connected solar PV power projects in India under tariff-based competitive bidding, was conducted on 3 January 2025. NTPC Renewable Energy secured a capacity of 1000 MW at a tariff of Rs 2.56/kWh. The letter of award (LOA) from UPPCL is awaited, stated the company. Meanwhile, NTPC Green Energy incorporated joint venture (JV), NTPC UP Green Energy with Uttar Pradesh Rajya Vidyut Utpadan Nigam (UPRVUNL) on 1 January 2024. The company holds 51% stake in the JV. The objective of the incoporated company is to develop, operate and maintain renewable energy park(s) & project(s). Earlier, Ministry of Power (MOP), Government of India vide its letter dated 22 February 2024 forwarded concurrence of DIPAM and NITI Aayog, which conveyed the approval for formation of JVC between NGEL, a subsidiary of NTPC and UPRVUNL, a U.P. Government Undertaking. NTPC Green Energy (NGEL), promoted by 'Maharatna' central public sector enterprise NTPC, is the largest renewable energy (excluding hydro) public sector enterprise in terms of operating capacity as of September 30, 2024. Operational capacity of the company as of 30 September 2024 was 3320 MW across 6 states. The firm reported a consolidated net profit of Rs 176.65 crore and net sales of Rs 1,082.29 crore for the six months ended on 30 September 2024. NTPC Green Energy listed on the bourses on 27 November 2024. The scrip was listed at Rs 111.60, exhibiting a premium of 3.33% to the issue price. Shares of NTPC Green Energy declined 2.61% to Rs 125 on the BSE. Powered by Capital Market - Live

NTPC Renewable Energy (NTPC REL), a wholly owned subsidiary of NTPC Green Energy (NGEL), has emerged as a successful bidder in the e-reverse auction conducted by Uttar Pradesh Power Corporation (UPPCL). The tender, aimed at the Selection of Solar Power Developers for Setting up 2000 MW ISTS-connected Solar PV Power Projects in India under Tariff-Based Competitive Bidding, conducted on 3 January 2025. NTPC REL secured a capacity of 1000 MW at an impressive tariff of Rs. 2.56/kWh. The Letter of Award (LOA) from UPPCL is awaited.Powered by Capital Market - Live

NTPC Green Energy (NGEL), a subsidiary of NTPC, has signed a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar, during 'Bihar Business Connect 2024' Global Investors' Summit held on 20 December 2024, in Patna. The MoU outlines a framework for significant investments in Bihar to establish renewable energy projects, including: Ground-mounted and floating solar installations, Battery energy storage systems, and Green hydrogen mobility initiatives etc. The Government of Bihar will facilitate the necessary permissions, registrations, approvals, and clearances from concerned departments, agencies, and authorities to support the projects.Powered by Capital Market - Live

NTPC Green Energy (NGEL), a subsidiary of NTPC, has signed a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar, during 'Bihar Business Connect 2024' Global Investors' Summit held on 20 December 2024, in Patna. The MoU outlines a framework for significant investments in Bihar to establish renewable energy projects, including: Ground-mounted and floating solar installations, Battery energy storage systems, and Green hydrogen mobility initiatives etc. The Government of Bihar will facilitate the necessary permissions, registrations, approvals, and clearances from concerned departments, agencies, and authorities to support the projects.Powered by Capital Market - Live

The agreement states a framework for significant investments in Bihar to establish renewable energy projects, including ground-mounted and floating solar installations, battery energy storage systems, green hydrogen mobility initiatives, etc. The Government of Bihar will facilitate the necessary permissions, registrations, approvals, and clearances from concerned departments, agencies, and authorities to support the projects. NTPC Green Energy (NGEL), promoted by 'Maharatna' central public sector enterprise NTPC, is the largest renewable energy (excluding hydro) public sector enterprise in terms of operating capacity as of September 30, 2024. Operational capacity of the company as of 30 September 2024 was 3320 MW across 6 states. The firm reported a consolidated net profit of Rs 176.65 crore and net sales of Rs 1,082.29 crore for the six months ended on 30 September 2024. NTPC Green Energy listed on the bourses on 27 November 2024. The scrip was listed at Rs 111.60, exhibiting a premium of 3.33% to the issue price. Shares of NTPC Green Energy declined 2.04% to close at Rs 132.05 on Friday, 20 December 2024.Powered by Capital Market - Live

NTPC Green Energy announced that on the basis of certificate dated 18 December 2024 issued by Gujarat Energy Development Agency, second part capacity of 30 MW out of 150 MW Gujarat Solar PV Project, Mesanka, Gujarat of NTPC Renewable Energy (a wholly owned subsidiary of NTPC Green Energy) is declared on Commercial Operation w.e.f. 00:00 Hrs of 11 December 2024.Powered by Capital Market - Live

The company said that the letter of award (LOA) from SECI is awaited. NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited, has emerged as a successful bidder in the e-reverse auction conducted by the Solar Energy Corporation of India (SECI) for the development of 2000 MW ISTSconnected Solar PV Power Projects. The auction, held on 9 December 2024, also includes the establishment of Energy Storage Systems (ESS) with a total capacity of 1000 MW/4000 MWh. As per the terms of the tender, the company is required to set up an energy storage system (ESS) of 250 MW/1000 MWh along with the contracted solar capacity. Shares of NTPC Green Energy were listed on the bourses on 27 November 2024. The scrip was listed at Rs 111.60, exhibiting a premium of 3.33% to the issue price. NTPC Green Energy (NGEL), promoted by 'Maharatna' central public sector enterprise NTPC, is the largest renewable energy (excluding hydro) public sector enterprise in terms of operating capacity as of September 30, 2024. Operational capacity of the company as of 30 September 2024 was 3320 MW across 6 states.Powered by Capital Market - Live

Securities in F&O Ban: Granules India, Manappuram Finance, Metropolis Healthcare, PVR Inox, RBL Bank shares are banned from F&O trading on 11 December 2024. Stocks to Watch: NTPC's wholly owned subsidiary, Renewable Energy (NTPC REL) has emerged as a successful bidder in the e-reverse auction conducted by the Solar Energy Corporation of India (SECI) for the development of 2000 MW ISTS connected Solar PV Power Projects. BEML has secured a contract from the Ministry of Defence for supplying of a 50-Ton Trailer valued at Rs 83.51 crore. Vraj Iron and Steel has received consent to operate the company expansion project of sponge iron and power plant located in Chhattisgarh from the Chhattisgarh Environment Conservation Board. HG Infra Engineering has received a letter of acceptance worth Rs 763 crore from the Ministry of Road Transport and Highways. The project involves the improvement and upgradation of a two-lane road with paved shoulders configuration for the newly declared NH227B, Bahuvan Madar Majha to Jagarnathpur, in Uttar Pradesh under Hybrid Annuity Mode (Package VI). Reliance Infrastructure has incorporated Reliance EV Go as wholly owned subsidiary of arm Reliance Velocity to manufacture, buy and sell electronic vehicles. Asian Granito India has entered into a joint venture (JV) agreement with Shudh Investments and Klyn Stone of the UK to acquire shares of Klyn AGL. Hinduja Global Solutions's step-down wholly owned subsidiary, HGS CX Technologies Inc. board has approved to merge its five wholly owned US subsidiaries with itself. These subsidiaries include Hinduja Global Solutions LLC, HGS Digital LLC, HGS (USA) LLC, HGS Canada Holdings LLC, and Teklink International LLC.Powered by Capital Market - Live

The project is of NTPC Renewable Energy, a wholly owned subsidiary of NTPC Green Energy. NTPC Green Energy (NGEL), promoted by 'Maharatna' central public sector enterprise NTPC, is the largest renewable energy (excluding hydro) public sector enterprise in terms of operating capacity as of September 30, 2024. Operational capacity of the company as of 30 September 2024 was 3320 MW across 6 states. Shares of NTPC Green Energy were listed on the bourses on 27 November 2024. The scrip was listed at Rs 111.60, exhibiting a premium of 3.33% to the issue price. Powered by Capital Market - Live

A Memorandum of Understanding (MoU) was signed on 26th November 2024 in Raipur between NTPC Green Energy (NGEL) and Chhattisgarh State Power Generation Co. (CSPGCL) to develop up to 2000 MW renewable energy projects including floating solar. Powered by Capital Market - Live