NTPC Green Energy Ltd News Today

NGEL signed an MoU with Madhya Pradesh Power Generating Company Ltd (MPPGCL).

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The company informed the bourses that opportunities for selling captured or biogenic carbon from NTPC Green Energy Limited shall also fall under scope.

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This is among the tenders floated for developing 2000 MW ISTS-connected solar projects across the country.

This implies that roughly 183 million of the company's shares, which were previously locked in and not allowed to be sold, will now be available for purchase.

The deal was an auction by the Solar Energy Corporation of India (SECI) held on 9 December 2024.

The market capitalisation of NTPC's green energy division reached Rs 1 lakh crore on the same day that its shares were listed.

In addition to debt repayment and other basic business needs, the Rs 10,000 crore IPO proceeds will be invested in its wholly-owned subsidiary, NTPC Renewable Energy.

The development occurs ahead of NTPC Green Energy's market debut on Wednesday. On November 22, the last day of subscriptions.