The state-run NTPC Ltd. subsidiary NTPC Green Energy Ltd., which was just listed, has drawn market interest with its remarkable stock performance. Because of the strong investor interest in the company’s sustainable energy concept, the shares have risen 44% over their IPO price of ₹108. A 10% higher circuit on Tuesday and a 9% surge on Wednesday were among the 21% gains the stock has made during the last two trading days.
Five of the six trading sessions have seen NTPC Green Energy close higher, putting it in the spotlight since its listing. As a result of this performance, the company’s market capitalization has increased to a huge ₹1.23 lakh crore, which is a major milestone for the renewable energy industry.
NTPC Green Tops Renewable Energy with 3,320 MW
A CRISIL report from November 2024 states that, as of September 30, 2024, NTPC Green is the largest renewable energy public sector firm (apart from hydro) in terms of operating capacity and electricity generation in fiscal 2024. Its portfolio of renewable energy reduces the risk of location-specific generation fluctuation by including wind and solar power assets spread across several locations in over six states. As of September 30, 2024, it had operations in six states with 3,220 MW of solar projects and 100 MW of wind projects.
About NTPC
NTPC Green Energy is the largest renewable energy public-sector firm (excluding hydro) in terms of operational capacity and power generation. As of September 30, 2024, the company handled 3,220 MW of solar and 100 MW of wind generating projects in over six states.
NTPC Green Energy focuses on utility-scale renewable projects for Indian corporations and public sector initiatives. With 41 solar and 11 wind installations in its portfolio, it serves 17 off-takers and guarantees steady cash streams.
The hazards connected with location-specific energy unpredictability are lessened by this geographical diversity. Including contracted, awarded, and operational projects, the company’s entire portfolio is 16,896 MW, and an additional pipeline of 26,071 MW is now being developed.
