NTPC Green Energy shares regain ₹100 mark on plans to develop 20 GW projects in Madhya Pradesh

Stock Market Today: NTPC Green Energy shares regained the ₹100 mark in the morning trade on Tuesday, February 25 amid plans to develop 20GW projects in Madhya Pradesh and parent company NTPC's announcement to invest ₹2 lakh crore in the state.

NTPC Green share price had scaled 52-week highs of ₹155.30 in December 2024. However, the stock has seen a sharp correction amid a downturn in the stock market, with the scrip falling to a 52-week-low of ₹96.20 on February 24.

NTPC Green Energy share price, however, rebounded on Tuesday, with the stock opening at ₹101.15, higher than the previous day's closing price of ₹98.45. NTPC Green share price further gained to intraday highs of ₹103.15.

NTPC Green Renewable project details

NTPC Green Energy Limited has inked a Memorandum of Understanding or MoU with Madhya Pradesh Power Generating Company Limited. A release by NTPC Green Ltd said, “In order to collaborate in the development of Renewable Energy Parks/Projects and to facilitate in Government of India’s efforts towards energy transition, a Memorandum of Understanding (MoU) was signed between NTPC Green Energy Limited (NGEL) and Madhya Pradesh Power Generating Company Limited (MPPGCL) on 24th February’2025 at Global Investors Summit, 2025 held in Bhopal.”

Parent NTPC plans 2 lakh crore investment in MP

NTPC Limited along with its subsidiary NTPC Green Energy has signed multiple MoUs during the Global Investors Summit in Madhya Pradesh. These include renewable projects based on solar, wind, pump hydro and other carbon-neutral energy sources in the state of Madhya Pradesh.

The first MoU was signed between NTPC Green and Madhya Pradesh Power Generating Company Limited (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.

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