NTPC Green Energy Limited Inks MoU with Bharat Light and Power Private Limited

NTPC Green Energy Limited (NGEL) and Bharat Light and Power Private Limited (BLP) signed a Memorandum of Understanding (MoU) on 19.02.2025, to address the need for pacing green energy objectives and the GoI's efforts towards carbon neutral economy.

The MoU was exchanged between Sh. DMR Panda, Chief General Manager and Head of Hydrogen, NTPC and Sh. T P Chopra, President & Chief Executive Officer (CEO), BLP in the presence of other senior officials from NGEL and BLP on 19th February 2025 at SCOPE Complex, New Delhi.

The MOU is to jointly explore the off-take of green hydrogen and its derivatives from NGEL and its affiliates to third parties. Opportunities for selling captured carbon or biogenic carbon from NGEL will also be in scope. NGEL/or through its Affiliates shall set up infrastructure required for functioning of the green hydrogen project including RE projects and regular operation under B-O-O mode, as a part of it's Net Zero commitments.

Shares of NTPC Green Energy Limited was last trading in BSE at Rs. 106.00 as compared to the previous close of Rs. 104.65. The total number of shares traded during the day was 432501 in over 5179 trades.

The stock hit an intraday high of Rs. 106.45 and intraday low of 103.40. The net turnover during the day was Rs. 45514970.00.

Source : Equity Bulls

Keywords

INE0ONG01011 NTPCGreenEnergy PowerGeneration BharatLightandPower MoU