NTPC Green shares trade lower despite signing MoU to set up green hydrogen fueling station

While the stock surged 1.82% to an intra-day high of ₹105.95 per equity share, it also declined 1.32% to the day’s low of ₹ 102.69 apiece.

The scrip closed 1.03% lower at ₹102.99 apiece on Monday.

As per the MoU, NTPC’s green energy arm will set up a green hydrogen fueling station along with hydrogen-based internal combustion engine trucks for the VOC port’s operations, a regulatory filing dated September 5 said.

The MoU signed on Friday aims to improve green energy technologies at the VOC Port, especially the green hydrogen mobility scheme. Furthermore, it will open an option of phasing out fossil fuel trucks in favour of clean and green fuels, bringing decarbonisation and energy security.

Not only has NTPC been operating the green hydrogen blending project at Surat, Gujarat, for over two years, but it has also taken similar mobility initiatives at Leh in Ladakh, Greater Noida in Uttar Pradesh, Bhubaneshwar in Odisha, and Kandla Port in Gujarat.

In addition, NPTC Green is also developing a green hydrogen hub in Vishakhapatnam, Andhra Pradesh, and aims to reach 60 GW of renewable energy capacity by 2032, with energy storage solutions, the filing stated.

In a separate regulatory filing last week, the firm reported the commissioning of a 25 MW solar capacity project in Bhuj, Gujarat.

It's a part of the total 150 MW solar project of Anya Renewable Power Four Private Limited, a subsidiary of Ayana Renewable Power Pvt. Ltd., a wholly owned subsidiary of its joint venture ONGC NTPC Green Private. The commercial operation began on September 3, 2025.

With the addition of this capacity, NPTC Green Energy’s total installed capacity will increase to 7,272.575 megawatts (MW), as against 7,247.575 MW previously.

While the stock touched a 52-week low of ₹84.55 on March 3, 2025, it reached a year’s high of ₹155.35 per equity share on September 30, 2024.

NTPC Green has a total market capitalisation of ₹87,220.94 crore, as of September 8, 2025, according to data on the NSE.