Synopsis:
NTPC Green Energy Limited signed a MoU with BSPGCL for the development of battery energy storage and renewable projects for decarbonization and energy transition in Bihar.
The company, engaged in the development of renewable energy and battery storage solutions and others, is in focus after signing a MoU with Bihar State Power Generation Company Limited (BSPGCL).
With a market capitalization of Rs.91,131 Crores,shares of NTPC Green Energy Limited opened at Rs.105.85 per equity share, from its previous day’s closing price of Rs.105.85, and made an intra-day high of Rs.109.40.
Memorandum of Understanding (MoU)
NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has signed a Memorandum of Understanding (MoU) with Bihar State Power Generation Company Limited (BSPGCL). This agreement aims to develop battery energy storage systems and renewable energy projects in the state of Bihar. The goal is to support Bihar’s shift toward clean energy and reduce its dependence on traditional fossil fuels.
The event took place in the presence of several senior government officials, including Shri Bijendra Prasad Yadav, the Hon’ble Minister of Energy, Planning and Development of the Government of Bihar, and Shri Nitish Mishra, the Hon’ble Minister of Industries. Top representatives from both NGEL and BSPGCL were also present.
This partnership reflects a strong push by the Government of Bihar to adopt more sustainable and eco-friendly energy solutions. With this agreement, both organizations aim to work together on building clean energy infrastructure, including solar and battery storage systems, to support a greener future for the state.
Company Profile
NTPC Green Energy Limited (NGEL) leads NTPC’s green energy efforts and works on clean energy projects through both its own developments and partnerships. Its goal is to help NTPC reach its target of 60 GW of green energy by the year 2032.
The company has expanded its work in the green energy sector by taking part in various bids, tenders, and large renewable energy parks across the country. NGEL aims to grow steadily over the coming years and become a top green energy company in India and around the world.
NTPC Green Energy Limited is strongly committed to clean and sustainable practices, with a focus on creating a greener future that benefits both people and the environment.
NTPC Green Energy Limited (NGEL) aims to become the world’s leading green energy solutions company, playing a key role in driving India’s transition to clean energy. With a strong mission to deliver reliable, affordable, and sustainable green energy solutions, the company is committed to supporting the nation’s energy goals. NGEL focuses on using innovation and advanced technology to provide cleaner alternatives, aiming to build a greener and more energy-secure future for India.
The company’s revenue from operations surged from Rs. 1,963 crores in FY24 reaching Rs. 2,210 crores in FY25, reflecting strong business growth. Net profit also rose from Rs. 345 crores to Rs. 474 crores, indicating better cost management and profitability. These figures highlight an improvement in both revenue and overall financial performance.
Written by: Sudeep Kumbar
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
