Shares of a renewable vitality firm that concentrates on enterprise tasks by means of natural and inorganic routes are in focus throughout the buying and selling session on Friday, after the corporate introduced profitable a 300 MW Photo voltaic Undertaking in a young.
With a market capitalisation of Rs. 94,880.5 crores, the shares of NTPC Inexperienced Power Restricted surged by practically 2.3 % to hit an intraday excessive at Rs. 115.7 on BSE, as towards its earlier closing value of Rs. 113.1.
What’s the Information
As per the newest regulatory filings with the inventory exchanges, NTPC Renewable Power Restricted (NTPC REL), an entirely owned subsidiary of NTPC Inexperienced Power Restricted (NGEL), has been awarded a 300 MW Photo voltaic Undertaking in NHPC’s tender.
NTPC REL emerged as a profitable bidder within the e-reverse public sale carried out by NHPC Restricted.
The tender was for the number of solar energy builders for organising of 1.2 GW ISTS (Inter State Transmission System) related solar energy tasks with 600mw/1200 MWh Power Storage Methods (ESS) on a nationwide foundation underneath Tariff-based aggressive bidding with Inexperienced Shoe Possibility.
NTPC REL secured a 300MW capability at a tariff of Rs. 3.09/kWh. In accordance with the Request for Choice (RFS) circumstances, the mission can even embody the set up of an Power Storage System (ESS) with a capability of 150 MW/300 MWh, guaranteeing improved reliability and effectivity of the solar energy era.
The public sale concluded on January 23, 2025, and NTPC REL is now awaiting the issuance of the Letter of Award (LOA) from NHPC Restricted.
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Financials
NTPC Inexperienced reported a marginal development within the income from operations, experiencing an increase of practically 7.3 % YoY, growing from Rs. 1,008 crores in H1 FY24 to Rs. 1,082 crores in H1 FY25.
In distinction, throughout the identical interval, the corporate’s internet revenue decreased from Rs. 208 crores to Rs. 175 crores, representing a fall of round 15.8 % YoY.
In regards to the Firm
NTPC Inexperienced Power Restricted (NGEL) is an umbrella firm for the inexperienced enterprise initiatives of NTPC and undertakes tasks by means of natural and inorganic routes. The corporate goals to be the flag-bearer of NTPC’s inexperienced vitality journey to attain the formidable goal of 60 GW by FY32.
Written by Shivani Singh
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