Stock Report

NTPC Group to Invest Rs 96,000 Crore in Chhattisgarh

Posted On : 2025-03-10 22:05:25( TIMEZONE : IST )

In a major boost to sustainable energy solutions while strengthening Govt of India's efforts towards energy transition and Net Zero goals, NTPC Limited along with its subsidiary NTPC Green Energy Ltd (NGEL) today signed multiple agreements worth Rs 96,000 crore with the Govt. of Chhattisgarh at Chhattisgarh Energy Investors Summit-2025 held at Raipur. The agreements include Nuclear, Pump Hydro and Renewable projects based on Solar/Wind/Hybrid sources in the state.

- The first MOU was signed between NTPC Ltd. & Govt. of Chhattisgarh for setting up of 4200 MW Nuclear Capacity in Chhattisgarh at an estimated investment of Rs. 80,000 Crores.

- The second MoU was signed between Chhattisgarh State Power Generation Company Limited (CSPGCL) & NTPC, pertaining to an intent to invest approx Rs 5876 crores in setting up 1200 MW of Pumped Hydro Storage Project at Sikaser in Gariyaband district of the state.

- The third Joint Venture Agreement (JVA) was signed between NGEL and CSPGCL for setting up Renewable Energy projects up to 2 GW in the state, at an approx investment of Rs 10,000 Crore which will help in meeting Renewable Generation Obligation (RGO) of CSPGCL as well as Renewable Purchase Obligation (RPO) of Chhattisgarh DISCOM.

The agreements were signed in the presence of the Hon'ble Chief Minister of Chhattisgarh, Shri Vishnu Deo Sai; Chief Secretary Shri Amitabh Jain; Principal Secretary to Chief Minister and Energy Shri Subodh Kumar Singh; MD CSPGCL Shri Sanjiv Kumar Katiyar & other state officials.

Team NTPC was represented by RED WR- II & Ash NI Shri Pradipta Kumar Mishra; ED (Nuclear) Shri Prasenjit Pal; GM Hydro Shri J C Kakoti; and AGM (NGEL) Shri Bimal Gopalachari.

Shares of NTPC Limited was last trading in BSE at Rs. 329.15 as compared to the previous close of Rs. 329.35. The total number of shares traded during the day was 234320 in over 5695 trades.

The stock hit an intraday high of Rs. 334.90 and intraday low of 326.45. The net turnover during the day was Rs. 77527803.00.