Due to the company’s successful operationalization of new solar capacity in Rajasthan, NTPC Green Energy shares are probably going to be the spotlight on Wednesday.
NTPC Green Energy Shares in Focus
NTPC Green’s shares increased 1.99 percent on Tuesday, closing at Rs 86.96 on the BSE from its previous close of Rs 85.26. The business notified stock exchanges that it had successfully put the 125 MW second part of the 500 MW Bhadla Solar PV project in Phalodi, Rajasthan, into service.
The Bhadla capacity will bring the NTPC Green Energy Ltd Group’s total installed capacity to 8813.25 MW, according to NTPC Green.
Strategic Moves into Green Molecule Market
The business launched a calculated move into the green molecule market earlier on February 2. Assago Industries Private Ltd. and NTPC Green signed a memorandum of understanding (MoU). For a proposed green urea plant, the agreement focuses on providing green ammonia, CO2, RE power, and other relevant utilities.
Prior to the Rajasthan update, on January 30, the business notified the stock exchanges that it has announced the commercial operation of the first 210 MW portion of the 1200 MW Khavda-II Solar PV project in Gujarat.
🌞 NTPC Green Solar Capacity Update
- Project: Bhadla Solar PV, Phalodi, Rajasthan
- Capacity Added: 125 MW (Second Part)
- Total Installed Capacity: 8,813.25 MW
- Previous Project: 210 MW Khavda-II Solar PV, Gujarat
- Strategic MoU: Green ammonia & urea plant with Assago Industries
Frequently Asked Questions
1. What is the current focus on NTPC Green Energy shares?
The company has effectively operationalized new solar capacity in Rajasthan, expanding its renewable energy portfolio, which is why shares are in focus.
2. What was the recent performance of NTPC Green shares?
NTPC Green’s shares increased 1.99% on Tuesday, closing at Rs 86.96 on the BSE from Rs 85.26 the day before.
3. What is the additional capacity of the solar project?
Out of the 500 MW Bhadla Solar PV project in Phalodi, Rajasthan, the business operationalized the second 125 MW of capacity.
4. How much installed capacity does NTPC Green Energy currently have?
The Bhadla capacity will increase the total installed capacity of the NTPC Green Energy Ltd Group to 8,813.25 MW.
5. What other strategic projects has NTPC Green worked on?
In order to supply green ammonia, CO₂, RE power, and other utilities for a proposed green urea plant, the firm and Assago Industries Pvt. Ltd. signed a memorandum of understanding on February 2.
⚡ NTPC Green Strategic Ventures
- MoU Signed: Assago Industries Pvt. Ltd.
- Focus Areas: Green ammonia, CO₂, RE power
- Purpose: Proposed green urea plant
- Rajasthan Solar Project: 125 MW operationalized
- Gujarat Solar Project: 210 MW Khavda-II
Conclusion
Following the successful operationalization of additional solar facilities in Rajasthan and Gujarat, which increased its renewable energy footprint, NTPC Green Energy’s shares have drawn attention. The company is improving its standing in India’s green energy market with strategic forays into the green molecule industry, which is probably going to have a good impact on investor confidence.
Disclaimer
This content is for informational purposes only and does not constitute financial or investment advice. Please consult a professional before making any investment decisions.
