2025-03-10 16:43:38
Latest Post
SJVN signs MoU with Government of Chhattisgarh & Chhattisgarh State Power Generation Company Ltd for development of 1800 MW Kotpali PSP
GRM Overseas Ltd is launching an innovative campaign for its 10X Classic Chakki Fresh Atta featuring Salman Khan
HUDCO declares 2nd interim dividend of Rs. 1.05
Emerald Finance Ltd partners with Multicare Services India Pvt Ltd
Prithvi Exchange India Ltd receives award from Deloitte
Stock Report
NTPC Green Energy Ltd inks MoU with Mahatma Phule Renewable Energy and Infrastructure Technology Limited
Posted On : 2024-05-09 12:51:48( TIMEZONE : IST )
In order to realize the green energy objectives of NTPC and the GOI's efforts towards energy transition, NTPC Green Energy Limited (NGEL) and Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT), signed a Memorandum of Understanding (MoU) on May 8, 2024 at NTPC Corporate Office, New Delhi for development of Renewable Energy Power Parks and Projects. The MoU was signed between Shri Rajiv Gupta, Chief Executive Officer, NGEL and Shri Amol Shinde, Chairman and Managing Director, MAHAPREIT in the presence of Shri Jaikumar Srinivasan, Director (Finance & HR), NTPC Limited and other senior officials from NTPC, NGEL and MAHAPREIT. The MoU envisages the joint development of grid connected Renewable Energy Park and Projects including Solar, Wind, Hybrid etc. and/or solutions thereof up to 10 GW in the state of Maharashtra.
NTPC is India's largest Power Utility with core business of power generation having a total installed capacity of 76+ GW. As part of increasing its renewable energy portfolio, a fully owned subsidiary has been formed as "NTPC Green Energy Limited" (NGEL) which shall take up Renewable Energy Parks and Projects including business in the areas of Green Hydrogen, Energy Storage Technologies, and Round the Clock RE Power. NTPC Group has ambitious plans of 60 GW of RE capacity by the year 2032 and currently it has 3.5 GW of installed RE capacity and 28+ GW under pipeline.
Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) is a wholly owned Subsidiary Company of Mahatma Phule Backward Class Development Corporation (MPBCDC), a State Public Sector Undertaking under Government of Maharashtra which has been setup with an objective to establish and carry on business of generating, trading, operating, leasing and renting Renewable Power.
Shares of NTPC Limited was last trading in BSE at Rs. 355.65 as compared to the previous close of Rs. 349.05. The total number of shares traded during the day was 338492 in over 5414 trades.
The stock hit an intraday high of Rs. 358.50 and intraday low of 345.10. The net turnover during the day was Rs. 119777782.00.
