Shares of this Green Energy stock dropped by 9 percent following the expiration of its shareholder lock-in period on February 24, 2025. The stock saw a decline as the previously restricted shares became eligible for trading.
Price Action
In Monday’s trading session, the share price of NTPC Green Energy Ltd fell to an intra-day low of Rs.96.20 per share, falling nearly 9 percent from its previous close of Rs.105.55 per share. The share price recovered since then and is currently trading at Rs.97.50 each.
Reason for the Fall
Shares of recently-listed state-run company NTPC Green Energy Ltd., a subsidiary of NTPC Ltd., dipped on Monday following the end of its shareholder lock-in period. The lock-in period of three months has concluded, making 18.33 crore shares (2 percent of the company’s outstanding equity) eligible for trading.
Currently, NTPC holds an 89 percent stake in NTPC Green Energy after divesting part of its stake during the company’s IPO.
Recent Developments
The company is actively progressing with the development of several major projects. These include a green hydrogen hub in Pudimadaka, Andhra Pradesh, designed to advance clean energy solutions, and large-scale grid-connected battery storage systems aimed at ensuring a reliable, round-the-clock supply of renewable energy.
Additionally, the company is working on the largest renewable energy initiative by any public sector undertaking in Khavda, Gujarat, which includes two solar projects with a combined capacity of 2.45 GW.
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Future Goals
NTPC Green Energy plans to reach a renewable energy capacity of 60 GW by FY 2032. Currently, it has around 3.5 GW installed, with over 28 GW in development across multiple projects. This ambitious goal supports India’s overarching strategy to expand its clean energy capacity.
Financial Performance
In its recent financial update for the quarter ending December 2024, NTPC Green Energy Ltd reported revenue from operations of Rs.505 crore, reflecting a 13 percent increase from Rs.446 crore in Q3 FY24. Net Profits improved by 18 percent to Rs.66 crore from Rs.56 crore in the same period.
Company Overview
NTPC Green Energy Limited (NGEL) is a wholly owned subsidiary of NTPC Limited, focused on renewable energy projects in India. As of September 2024, it is recognized as the largest public sector enterprise in the country for renewable energy generation, excluding hydroelectric power.
Written by – Siddesh S Raskar
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