NTPC Green shares up 1% as the firm signs multiple MoUs with Madhya Pradesh govt

According to a statement issued by NTPC Ltd, the company, along with its subsidiary NTPC Green Energy Ltd (NGEL), has signed multiple MoUs with the Madhya Pradesh government during the Global Investors Summit, being held here on February 24-25.

It includes renewable projects based on solar, wind, pump hydro and other carbon-neutral energy sources in Madhya Pradesh.

During the morning trade, shares of the company was ₹99.22 per share, rising 0.83% on NSE. Tata Communications had touched its 52-week low of ₹96.20 apiece on February 24, 2025.

An MoU was signed between NGEL and Madhya Pradesh Power Generating Company Ltd (MPPGCL) for setting up renewable energy projects up to 20 GW or more in the state, at an approximate investment of ₹1,20,000 crore.

This has paved the way for the formation of a joint venture, which will help in mitigating the Renewable Generation Obligation (RGO) of MPPGCL as well as the Renewable Purchase Obligation (RPO) of Madhya Pradesh DISCOMs.

Another MoU was signed for other sustainable non-fossil fuel power plants at an estimated investment of ₹80,000 crore. Madhya Pradesh Power Management Company Ltd (MPPMCL) signed this MoU on behalf of the state government.

An agreement was also signed with an intent to invest approximately ₹4,000 crore in setting up an 800 MW pumped hydro storage project in the state.

The MoUs, signed in the presence of Chief Minister Mohan Yadav, will play a significant role in promoting sustainable energy solutions while strengthening the Government of India's efforts towards energy transition and net-zero targets.

NTPC is India's largest integrated power utility, contributing one-fourth of India’s power requirements and has an installed capacity of over 77 GW, with an additional capacity of 29.5 GW under construction, including 9.6 GW of renewable energy capacity.

The company is committed to achieving 60 GW of renewable energy capacity by 2032.

With a diverse portfolio of thermal, hydro, solar, and wind power plants, NTPC is dedicated to delivering reliable, affordable, and sustainable electricity to the nation.