Latest news with #NTPCGreen
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Business Standard
2 days ago
- Business
- Business Standard
NTPC Green shares climb 4% after arm inks 1000 MW PPA with UP Power Corp
NTPC Green Energy shares gained 3.5 per cent in trade on Thursday, June 5, 2025, logging a day's high at ₹111.8 per share on BSE. The stock was in demand after the company arm NTPC Renewable Energy signed a power purchase agreement (PPA) for the 1000 MW capacity in UPPCL's Solar PV Power Project. The move comes after NTPC Renewable Energy in January 2025 won 1000 MW in Uttar Pradesh Power Corporation Limited's (UPPCL's) Solar PV Power Project Auction. At 9:32 AM, NTPC Green share price was trading 1.62 per cent higher at ₹109.7 per share on the BSE. In comparison, the BSE Sensex was up 0.54 per cent at 81,434.94. The market capitalisation of the company stood at ₹92,352.57 crore. The 52-week high of the stock was at ₹155.30 per share and the 52-week low of the stock was at ₹84.6 per share. NTPC Green order On January 4, 2025, NTPC Green Energy informed that its subsidiary NTPC Renewable Energy emerged as a successful bidder in the e-reverse auction conducted by UPPCL. The tender, aimed at the "Selection of Solar Power Developers for Setting up 2000 MW ISTS-connected Solar PV Power Projects in India under Tariff-Based Competitive Bidding," conducted on January 3, 2025. NTPC REL secured a capacity of 1000 MW at an impressive tariff of ₹2.56/kWh. NTPC Green shares made a quiet debut on the stock exchanges in November 2025. The company's stock was listed at ₹111.6 apiece on the BSE, and ₹111.50 on the NSE, reflecting a premium of ₹3.33 and 3.24 per cent, respectively, over its issue price of ₹108. ALSO READ | About NTPC Green NTPC Green Energy is part of NTPC's green energy transition strategy. The company focuses on both organic and inorganic growth to achieve its target of 60 GW of renewable energy capacity by FY32. NGEL participates in competitive bidding, tenders, and Ultra Mega Renewable Energy Power Parks (UMREPP), with plans to strengthen its position in the green energy sector in India and internationally.
Business Upturn
2 days ago
- Business
- Business Upturn
NTPC Green shares jump 3% after winning 1,000 MW solar project
By Aman Shukla Published on June 5, 2025, 09:19 IST NTPC Green Energy shares rose 3% in early trading on Thursday following the company's win of a 1,000 MW solar photovoltaic (PV) power project auction by Uttar Pradesh Power Corporation Limited (UPPCL). As of 9:18 AM, the shares were trading 2.29% higher at Rs 110.38. The company signed a Power Purchase Agreement (PPA) at a competitive tariff of ₹2.56 per kWh on June 4, signaling strong growth prospects in the renewable energy sector. NTPC Green Q4 Results In its Q4 results, NTPC Green reported impressive growth with a net profit of ₹233 crore, nearly three times the ₹81 crore posted last year. Revenue also surged 22.5% to ₹622.3 crore compared to ₹508 crore in Q4 2024. These strong numbers reflect the company's solid operational performance and growing demand for clean energy. Looking ahead, NTPC Green reaffirmed its ambitious target to expand renewable capacity to 40 GW by FY 2032, increasing its total renewable portfolio to 60 GW. The company also plans to commission 14 GW of pumped hydro storage capacity over the next six to nine years, enhancing grid stability and supporting sustainable power supply. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Mint
2 days ago
- Business
- Mint
NTPC Green Energy share price gains over 3% on signing of 1000 MW power purchase deal
NTPC Green Energy share price in focus: Shares of NTPC Green Energy, a wholly owned subsidiary of NTPC Limited that recently debuted on Dalal Street, soared 3.8% in early trade on Thursday, June 04, to reach ₹ 112. The rally followed an exchange filing by the company on Wednesday, in which it announced that NTPC Renewable Energy, a wholly owned subsidiary of Green Energy, had signed a Power Purchase Agreement (PPA) for a 1,000 MW capacity at a discovered tariff of ₹ 2.56 per kWh. NTPC Renewable Energy had won the 1,000 MW project in the Uttar Pradesh Power Corporation Ltd. (UPPCL) solar PV power project through an e-reverse auction held on January 4. The tender was part of the 'Selection of Solar Power Developers for Setting up 2000 MW ISTS-connected Solar PV Power Projects in India under Tariff-Based Competitive Bidding.' NTPC REL secured a capacity of 1,000 MW under this process. The shares have been buzzing on Dalal Street lately, driven by multiple renewable energy order wins and a strong performance in the March quarter. On May 22, the company also announced that it had successfully emerged as the winning bidder in the e-reverse auction conducted by NHPC Limited on May 21, 2025, securing a cumulative capacity of 80 MW/320 MWh under the competitive bidding process. For the March ending quarter, the company reported a net profit of ₹ 233.21 crore, a 255% YoY jump, while its consolidated revenue from operations rose 22.4% year-on-year to ₹ 622.27 crore. For the full year, NTPC Green's net profit rose 39% to ₹ 475.5 crore in FY25, from ₹ 342.8 crore in FY24. Revenue from operations grew 12.5%, reaching ₹ 2,209.6 crore in FY25 compared to ₹ 1,962.6 crore in the previous fiscal year. The company shares over the last four months have jumped from ₹ 87 apiece to the current level of ₹ 109, resulting in a healthy gain of 25.3%. The company's shares debuted on Dalal Street on November 27 at ₹ 121.70, compared to the IPO price of ₹ 108. The stock initially maintained its upward momentum, reaching an all-time high of ₹ 155.35 apiece. At current levels, the stock is trading at a modest 10.4% discount to its listing price of ₹ 121.70 but trades near to the IPO price. Despite recent volatility, analysts remain bullish on the stock, citing NTPC Green Energy's strong fundamentals and strategic positioning in India's renewable energy sector. NTPC Green is the largest renewable energy public sector enterprise (excluding hydro) in terms of operating capacity. Its portfolio includes both solar and wind assets across more than six states, helping mitigate the risks associated with location-specific generation variability. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
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Business Standard
4 days ago
- Business
- Business Standard
Stocks to watch today, June 3: Adani Group, UBL, HCLTech, Glenmark Pharma
Stocks to Watch today: Adani Group stocks, United Breweries, HCL Tech, Glenmark Pharma, NTPC Green and Jindal Stainless are among the stocks to watch on Tuesday, June 3, 2025 Sai Aravindh Mumbai Stocks to Watch Today, Tuesday, June 3, 2025: Indian benchmark indices are likely to open flat with a slight positive tilt, continuing their consolidation phase amid renewed selling by foreign portfolio investors. GIFT Nifty hinted at a slightly higher start for domestic stocks. The early indicator was up 28 points or 0.12 per cent at 24,855 as of 7:20 AM. Stocks in Asia got off to a cautious start as investors remain on edge about whether the leaders of the two biggest economies will hold a conversation to calm trade tensions. Last checked, Japan's Nikkei was higher by 0.4 per cent while China's CSI 30 was up 0.3 per cent. According to reports, Beijing has yet to confirm whether Xi Jinping will participate in a call that the White House is hinting at for this week. This comes after the two countries accused each other of violating a trade agreement reached last month. Meanwhile, Wall Street ended higher as heavyweight tech stocks drove benchmarks higher. The S&P 500 index rose by 0.41 per cent while the Dow Jones Industrial Average was up 0.08 per cent. Back home, on Monday, the BSE Sensex settled 77.26 points or 0.09 per cent lower at 81,373.75, while the Nifty50 fell 34.10 points or 0.14 per cent to end at 24,716.6. FIIs sold shares worth ₹2,589.4 crore, while DIIs net bought equities worth ₹5,313.7 crore. Meanwhile, below are some stocks to watch during today's session: Adani Group stocks: Billionaire Gautam Adani's conglomerate has once again come under the crosshairs as its companies are under investigation by US prosecutors. The authorities are probing whether Adani's firms brought Iranian liquefied petroleum gas (LPG) into India via the Mundra port, which his company operates. The company 'categorically denies' any such wrongdoing. United Breweries: The beer maker has announced plans to wind up operations at its Mangalore brewery unit in Karnataka with effect from June 30, 2025. The move is part of a consolidation effort in its brewery operations, and the company plans to expand its Mysuru brewery. HCLTech: The information technology (IT) major announced a partnership with US software firm UiPath to accelerate AI-led agentic automation for the latter's customers globally. The company said the partnership will automate business processes with less need for human intervention. Glenmark Pharmaceuticals: The pharma company's arm, Ichnos Glenmark Innovation (IGI), shared encouraging early results from a new cancer drug being tested on patients with a difficult form of blood cancer. The drug, called ISB 2001, in a single treatment and has shown strong response rates in patients who have already undergone multiple prior therapies. NTPC Green: Honeywell announced a partnership with NTPC Green Energy to jointly explore producing sustainable aviation fuel (SAF) in India. The companies will explore the use of Honeywell's proprietary eFining technology to produce SAF from carbon dioxide (CO₂) feedstock captured from NTPC's power plants and green hydrogen. Jindal Stainless: The company said it has acquired a special purpose vehicle (SPV) to generate 282 megawatt (Mw) of hybrid renewable energy for the supply of clean energy to its manufacturing plants. The company has acquired a 33.64 per cent equity stake as of the date. Ashok Leyland: The flagship company of the Hinduja group has recorded a 5 per cent rise in its sales of trucks, buses and light commercial vehicles, in domestic and overseas markets in May, by selling 15,484 units. The cumulative sales till May during this fiscal remained flat at 28,905 units, as against 28,953 units sold in the same period (April-May) of last year. UCO Bank: The state-run lender appointed Sumit Khandelwal as its new chief financial officer (CFO) with immediate effect. Khandelwal, who previously served as the general manager and the zonal head of the bank's New Delhi zone, replaces Sujoy Dutta as CFO. Man Industries: The company has approved a proposal to raise up to ₹300 crore through a preferential allotment of convertible warrants and equity shares to the promoter group entity and non-promoters, respectively.
Time of India
4 days ago
- Business
- Time of India
Honeywell signs pact with NTPC Green to explore sustainable aviation fuel production
New DelhiL Honeywell has signed an agreement with NTPC Green to jointly explore producing sustainable aviation fuel (SAF) in India. The companies will explore the use of Honeywell 's proprietary eFining technology to produce SAF from carbon dioxide (CO2) feedstock captured from NTPC's power plants and green hydrogen. "SAF production forms the sizeable part of the ambitious Green Hydrogen Hub of NTPC Green in Pudimadaka, Andhra Pradesh. We believe that the mandate in the aviation sector for blending SAF in jet fuel will drive many early mover projects in green hydrogen," said DMR Panda, Executive Director (Green Hydrogen), NTPC Ltd . The collaboration aims to help decarbonization goals and support airlines in their effort to meet carbon reduction targets . The agreement further supports India's energy security objectives and underscore's Honeywell's alignment to the energy megatrend, the company said. "Our collaboration with NTPC Green will leverage Honeywell's expertise in SAF solutions to efficiently treat emissions from thermal energy, foster green hydrogen adoption, diversify feedstocks for SAF production and help India's aviation sector meet its long-term environmental goals," said Ranjit Kulkarni, Vice President and General Manager, Energy and Sustainability Solutions, Honeywell India. Honeywell provides solutions and innovations through aerospace technologies, industrial automation, building automation and energy and sustainability solutions business segments.
