NGEL Inks JV Agreement with MAHAPREIT for Development of 10 GW RE Projects

NTPC Green Energy Limited (NGEL), a wholly-owned subsidiary of NTPC Ltd, entered into a Joint Venture Agreement (JVA) with Mahatma Phule Renewable Energy and Infrastructure Technology Ltd. (MAHAPREIT) on 25th September 2024.

The JVA was signed by Shri Rajiv Gupta, CEO (NGEL) and Shri Bipin Shrimali, MD (MAHAPREIT) at Mumbai in the presence of other senior officials from NGEL and MAHAPREIT.

The JV Company will undertake development of 10 GW of Renewable Energy Parks and Projects in Maharashtra or in any other state of India.

Shares of NTPC Limited was last trading in BSE at Rs. 434.40 as compared to the previous close of Rs. 436.30. The total number of shares traded during the day was 752034 in over 26160 trades.

The stock hit an intraday high of Rs. 437.90 and intraday low of 430.55. The net turnover during the day was Rs. 325755893.00.

Source : Equity Bulls

Keywords

NTPC INE733E01010 NTPCGreenEnergy ElectricUtilities JVAgreement MAHAPREIT