Inexperienced Power inventory is in focus after it signed an MOU with Madhya Pradesh Energy Producing Firm for strategic Renewable Power Initiatives of upto 20 GW
Share Worth Motion
With a market capitalization of Rs. 83,108 Crore, the inventory of NTPC Inexperienced Power Restricted opened at Rs. 101.01, up 2.65 % from yesterday’s shut, and after opening it made a excessive of 103.22 up 4.89 %.
Replace from Firm
The corporate has signed an MOU with Madhya Pradesh Energy Producing Firm Restricted (MPPGCL) on the World Traders Summit 2025 held in Bhopal. They are going to collectively work for the formation of a Joint Enterprise Firm (JVC) to fulfill the Renewable Era Obligation (RGO) of the Madhya Pradesh Producing Firm and the Renewable Buy Obligation (RPO) of Madhya Pradesh DISCOMs.
The MOU goals to collaborate within the area of Renewable Power via the establishing of Initiatives comprising of Photo voltaic/wind/Hybrid with or with out storage of As much as 20 GW or extra in Madhya Pradesh.
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Monetary Highlights
The corporate reported a 13.21 % YoY enhance in income from Rs. 446.14 Crore in Q3FY24 to Rs. 505.08 Crore in Q3FY25. On a QoQ foundation, the corporate reported a rise of 1.23 % in income from Rs. 503.85 Crore within the earlier quarter.
Their Web revenue noticed a rise of 17.98 % YoY from Rs. 55.61 Crore to Rs. 65.61 Crore for a similar interval. On a QoQ foundation, the corporate reported a rise of 78.82 % in Web revenue from Rs. 36.69 Crore within the earlier quarter.
In regards to the Firm
NTPC Inexperienced Power Restricted (NGEL) is a subsidiary of NTPC Restricted, devoted to driving the transition in the direction of renewable power. The corporate focuses on creating and increasing photo voltaic, wind, hybrid, and inexperienced hydrogen tasks, contributing to a cleaner and extra sustainable power future. By means of strategic collaborations and modern applied sciences, NGEL performs a key function in integrating renewable energy options into India’s power panorama.
Written By Abhishek Das
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