NTPC Renewable Energy Ltd, a subsidiary of NTPC Green Energy Ltd, has achieved major success in the bids conducted by Uttar Pradesh Power Corporation Limited (UPPCL).
- January 3, 2025: UPPCL had invited tariff-based bids for 2000 MW ISTS-connected solar PV power projects.
- Result: NTPC Renewable Energy got the project with capacity of 1000 MW.
- Tariff: Rs 2.56 per kWh.
- Letter of Award (LOA): Now awaiting official approval from UPPCL.
Past Achievements of NTPC
- 27 December 2024: NTPC Limited announced that the first phase of the 200 MW solar project has been commissioned.
- This project also comes under NTPC Renewable Energy.
- The total generation capacity of NTPC Group is now 76,598.18 MW.
Status of NTPC Green Energy in stock market
- Friday:
- The stock closed at ₹128.35, up 0.35% on BSE.
- In the last one month:
- Shares are down about 10%.
- 52 week performance:
- High: ₹155.30.
- Take: ₹111.60.
NTPC Green Energy’s target price and advice for investors
- Current trading price: ₹128.
- ET Now reports:
- Target price: ₹134.
- Potential highest level: ₹139.
- Stop Loss: ₹120.
- Investors are being suggested to invest cautiously, keeping in mind the targets of ₹134-₹139.
