NTPC Green Energy Ltd and HPCL sign MoU for Renewable Energy Business and Green Power

NTPC Green Energy Ltd. (NGEL) (wholly owned subsidiary of NTPC Ltd.) signed a non-binding Memorandum of Understanding (MoU) with Hindustan Petroleum Corporation Ltd (HPCL) on 03.01.2023 in New Delhi for Development of Renewable Energy based Power Projects to tap Business opportunities in RE and supply of 400 MW round the clock renewable power for requirements of HPCL. The MoU was signed by Shri Neeraj Sharma, Head of Finance, NGEL and Shri Shuvendu Gupta, Executive Director - Bio Fuels & Renewables, HPCL.

The MoU was signed in august presence of Shri Gurdeep Singh, CMD NTPC, Shri C.K Mondol, DirectorCommercial, NTPC, Shri J Srinivasan, Director-Finance, NTPC, Shri Mohit Bhargava, CEO-NGEL, Shri D.K Sharma, Executive Director-CSP&BD, HPCL, Shri Kushal Banerjee-CGM, HPCL and Shri Rajiv Gupta, CGM-NTPC REL.

This MoU marks the first step for NGEL and HPCL to collaborate and cooperate in the field of development of Renewable Energy projects which shall help HPCL in meeting its Clean Energy Commitments.

Shares of Hindustan Petroleum Corporation Limited was last trading in BSE at Rs. 241.00 as compared to the previous close of Rs. 237.60. The total number of shares traded during the day was 150294 in over 2915 trades.

The stock hit an intraday high of Rs. 244.00 and intraday low of 237.30. The net turnover during the day was Rs. 36164244.00.

Shares of NTPC Limited was last trading in BSE at Rs. 166.55 as compared to the previous close of Rs. 167.50. The total number of shares traded during the day was 1293729 in over 5952 trades.

The stock hit an intraday high of Rs. 168.30 and intraday low of 164.75. The net turnover during the day was Rs. 214413229.00.

Source : Equity Bulls

Keywords

HindustanPetroleumCorporation INE094A01015 HPCL NTPC INE733E01010 NTPCGreenEnergy MoU