Shares of NTPC Green Energy advanced over 5 per cent on Tuesday after it began commercial operations of a 100 megawatt (Mw) joint venture unit at its IRCON Renewable project.

The power generation company's stock rose as much as 5.01 per cent during the day to ₹108.75 per share, the biggest intraday rise since June 20 this year. The NTPC Green Energy stock pared gains to trade 3 per cent higher at ₹106.6 apiece, compared to a 0.43 per cent advance in Nifty 50 as of 10:03 AM.

The government on Wednesday permitted state-run NTPC to invest up to ₹20,000 crore for renewable energy capacity addition to achieve 60 GW capacity by 2032.

I&B Minister Ashwini Vaishnaw shared details about the decision taken at the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi.

A joint venture between India's NTPC Green Energy and ONGC Green Energy is the highest bidder for Ayana Renewable Power having bid about $650 million, two people involved in the deal told Reuters.

The venture outbid JSW Energy for the renewable energy firm backed by quasi-sovereign wealth fund National Investment and Infrastructure Fund, the people said.

NTPC in focus: Share of the state-owned NTPC jumped as much as 4.34 per cent to hit a fresh all-time high of Rs 431.85 per share on Thursday, September 19, 2024. Notably, NTPC is the top gainer on both NSE and BSE.

The surge in the NTPC share price came after the company filed Initial Public Offering (IPO) papers for its green energy arm, NTPC Green Energy Limited (NGEL).

The Canada Pension Plan Investment Board (CPPIB), Malaysian state-run Petronas and Arcelormittal SA are among the 13 bidders for a minority stake in the green energy unit of India's NTPC Ltd, a company official said on Thursday.

NTPC, the country's largest utility, anticipates the private placement will initially raise 20 billion rupees ($251 million) and will be followed eventually by a spin-off of the green energy unit as a separate India-listed entity, the official said.

India’s largest power generating company (genco) NTPC Limited has awarded multiple coal import contracts for 6.25 million tonne (MT) to Adani Enterprises at a cumulative value of Rs 6,585 crore. The state-owned genco is importing coal to meet the recent directive of the Ministry of Power to blend 10 per cent imported coal in order to tackle domestic coal shortage.

State-owned power giant NTPC has invited bids to procure imported 4.53 million tonnes (MT) coal mainly for blending with the domestic dry fuel in thermal plants.

The NTPC tender for the import of coal assumes significance in view of the ongoing dry fuel shortage at power plants.

State-run power giant NTPC on Thursday said its arm NTPC Renewable Energy Ltd (NTPC REL) has signed the first green term loan agreement of Rs 500 crore with Bank of India.

The green term loan agreement is for its two solar projects in Rajasthan and Gujarat.

Shares of state-owned electric utilities company NTPC registered a fresh 52-week high at Rs 132.10, up 4 per cent on the BSE in Tuesday’s intra-day trade after the company confirmed the winning of 1.9 GW solar projects under Central Public Sector Undertaking (CPSU) scheme.

The stock surpassed its previous high of Rs 127 hit on September 24, 2021. In past one month, the stock has rallied 16 per cent, as compared to 7 per cent rise in the S&P BSE Sensex.

Tata Power Solar on Saturday announced that it has bagged an order worth Rs 1,200 crore from state-run power giant NTPC for setting up of 320 MW ground mounted solar project.

Tata Power Solar, India's largest integrated solar company and a wholly-owned subsidiary of Tata Power, has received a "Letter of Award (LoA)" to build 320 MW of ground mounted Solar PV project for NTPC, a company statement said.

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