NTPC Green share price declines over 7% as shareholder lock-in period ends

The stock descended 7.31% to ₹97.83 apiece on the National Stock Exchange (NSE) at 9:27 am.

The company's market capitalisation stands at ₹82,434.78 crore.

The three-month shareholder lock-in period ended on Monday, making up to 18.33 crore equity shares eligible for trading.

The end of the lock-in period implies that equity shares become eligible for trading. However, it does not mean that they will be sold in the open market.

Revenue from operations rose 13.2% to ₹505.08 crore in Q3 FY25 as against ₹446.14 crore in the year-ago quarter.

Total income grew 25.46% to ₹581.46 crore in the latest December quarter from ₹463.46 crore a year back.

NTPC Green Energy shares were listed at a 3.33% premium over the issue price of ₹108 on the BSE in November 2024. On the NSE, it debuted at ₹111.5, up 3.24%.

NTPC Green Energy IPO, with a price range of ₹102-₹108 per share, was subscribed 2.40 times.

"Proceeds from the IPO, about ₹7,500 crore at the upper band, will be used to repay or prepay part or all of its subsidiary NTPC Renewable Energy Ltd's (NREL) outstanding loans, and a portion will be utilised for general corporate purposes," the company had said.

Last week, NTPC Green inked a memorandum of understanding (MoU) with Bharat Light and Power Private Ltd to address the need for pacing green energy goals and the government's efforts towards a carbon-neutral economy.

"The MoU is to jointly explore the off-take of green hydrogen and its derivatives from NGEL and its affiliates to third parties. Opportunities for selling captured carbon or biogenic carbon from NGEL will also be in scope. NGEL/or through its Affiliates shall set up infrastructure required for functioning of the green hydrogen project including RE projects and regular operation under B-O-O mode, as a part of it's Net Zero commitments," the company said in an exchange filing.