NTPC Green Shares Surge on Solar Project News

28 Nov 2024 , 02:00 PM

Following the company’s announcement that it has successfully commissioned the first phase of the 105 MW Shajapur Solar Project, which has a 55 MW capacity, shares of the recently listed NTPC Green Energy increased 4% during today’s session, peaking at Rs 127.55 on the BSE.

In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to notify you that, following successful commissioning, NTPC Renewable Energy Limited, a wholly-owned subsidiary of NTPC Green Energy Limited, has declared the first part capacity of 55 MW out of 105 MW Shajapur Solar Project (Unit-I) in Shajapur, M.P. to be in commercial operation as of 0:00 a.m. on November 29, 2024.

Despite poor market sentiment, the stock has risen 18% in just two days from its IPO price of Rs 108.

The market capitalisation of NTPC’s green energy division reached Rs 1 lakh crore on the same day that its shares were listed on the exchanges, marking a 10% increase after a lacklustre launch.

At Rs 111.50, a 3.2% premium over the issue price, NTPC’s renewable energy division made its NSE debut.

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