NTPC Green Energy Limited Inks MoU with Indus Towers Limited

NTPC Green Energy Limited (NGEL) and Indus Towers Limited (ITL) today signed a Memorandum of Understanding (MoU), to address the need for pacing green energy objectives and the GoI's efforts towards carbon neutral economy.

The MoU was signed by Sh Soumya Kanti Chowdhuri, Chief General Manager, NGEL and Sh Vikas Poddar, Chief Financial Officer (CFO), ITL in the presence of other senior officials from NTPC and ITL on 18th April 2024 at SCOPE Complex, New Delhi.

The MoU is to explore a joint development of grid connected Renewable Energy based Power Projects including Solar, Wind, Energy storage etc. and/or solutions thereof. Indus Towers Limited aims to expand its renewable energy portfolio in a phased manner to Giga Watt scale capacity, for its business operations spread across the country, as a part of its Net Zero commitments.

Shares of NTPC Limited was last trading in BSE at Rs. 350.90 as compared to the previous close of Rs. 351.40. The total number of shares traded during the day was 1342253 in over 19956 trades.

The stock hit an intraday high of Rs. 352.40 and intraday low of 342.50. The net turnover during the day was Rs. 468229201.00.

Source : Equity Bulls

Keywords

NTPC INE733E01010 NTPCGreenEnergy IndusTowers MOU