NTPC Green Energy commissions 150 MW solar PV project in Gujarat
NTPC Green Energy: NTPC Green Energy Limited (Ngel), the green arm of NTPC Green Energy, India’s largest energy company, successfully commenced operations of Phase II of its 150 MW solar PV project at Mesanka, Gujarat. The operation of the second phase of this project has further increased the renewable energy capacity of the company and also increased the confidence of investors.
The company saw its share price rise after this breakthrough, reaching a high of ₹137.33, as against the previous closing price of ₹135.49, showing a rise of 1.35%.
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highlights
- NTPC Green Energy, through its subsidiary NTPC Renewable Energy Limited, announced the commercial operation of Phase II of Mesanka Solar PV Project, Gujarat.
- An additional capacity of 30 MW has been added under this second phase, which has been officially recognized by the Gujarat Energy Development Agency (GEDA).
- The company has been continuously expanding its NTPC Green Energy projects portfolio, and has launched a Green Hydrogen Hub in Pudimadaka, Andhra Pradesh.
- Along with this, the company has also started a new battery storage system for continuous supply of renewable energy.
Reason for share rise
The main reason for this rise in the share of NTPC Green Energy is the success of the company and operation of new projects. Phase II of Mesanka Solar PV Project in Gujarat has become fully operational, increasing the company’s total project capacity by 30 MW. This is an important step for the long-term growth of the company and also indicates a positive future for the company in the market.
After this success, investor confidence has further increased and this has led to a surge in the share price of NTPC Green Energy.
Now with the new government scheme, you will get a profit of up to Rs 78,000 on solar installation.
Know the recent achievements of the company
NTPC Green Energy has increased its capacity on a large scale. Recently, the company has set up a Green Hydrogen Hub in Pudimadaka, Andhra Pradesh and has also commissioned a unit of India’s largest renewable energy project under the Khavda Renewable Energy Initiative. The project consists of two new solar parks with a total capacity of 2.45 GW.
All these achievements have strengthened the company’s portfolio and also strengthened its position in the Indian energy sector.
Future outlook
NTPC Green Energy aims to achieve 60 GW of renewable energy capacity by FY2032. The company currently has an installed capacity of 3.5 GW and has more than 28 GW of projects in the pipeline. In the coming years, the company plans to support India’s clean energy objectives and increase its contribution towards sustainability.
With this growth, NTPC Green Energy will not only help meet India’s energy needs but will also become a key player in the renewable energy sector in the world.
Learn about the company
NTPC Green Energy Limited (Ngel), is the green arm of NTPC, India’s largest energy company. Apart from hydroelectric power projects, this company is focusing on renewable energy projects. By September 2024, the company is set to become one of the largest public sector renewable energy companies in India.
The company’s Q2 FY25 revenue from operations stood at ₹1,082 crore, registering a growth of 7.4% from ₹1,008 crore in Q2 FY24. The company’s net profit during this period also stood at ₹208 crore, which shows an increase of 137% compared to the previous year.
conclusion
It is clear from the recent projects and investments of NTPC Green Energy that the company is going to make a big contribution in the renewable energy sector in the future. If you are thinking of investing in NTPC Green Energy shares, this company is headed towards a strong and stable future. However, it is always good to do your own research and consult a financial advisor before investing.
