Another good news related to NTPC has come out, impact on shares can be seen as soon as the market opens on Monday.

Recently there was news about NTPC i.e. National Thermal Power Corporation that the electricity production of the company has increased by 3.82 percent between April and December of the financial year 2024. At the same time, now news is coming that NTPC Green Energy’s subsidiary company NTPC Renewable Energy Ltd. (NTPC REL) has got a big deal.

Actually, the company has won the e-reverse auction organized by Uttar Pradesh Power Corporation Limited (UPPCL). This auction was held on Friday i.e. January 3, 2025 for 2000 MW ISTS-connected solar PV power projects. Let us explain it in detail.

what is the whole matter

In fact, on January 3, 2025, an e-reverse auction was conducted by Uttar Pradesh Power Corporation Limited (UPPCL) for 2000 MW ISTS-connected solar PV power projects. In this auction, NTPC Green Energy’s subsidiary company NTPC Renewable Energy Ltd. (NTPC REL) also bid and won the auction.

The company will now operate a capacity of 1000 MW at a tariff of Rs 2.56 per unit. However, the Letter of Award (LOA) for this project has not yet been received from Uttar Pradesh Power Corporation Limited. It is believed that after this deal, there may be movement in the shares of the company on Monday.

Status of NTPC shares

NTPC Green Energy Ltd. Shares of were trading at Rs 128.17 with a gain of 0.17 per cent on Friday. At the same time, the company’s shares have declined by 14.04 percent in the last one month. Talking about the main company NTPC Limited, global brokerage firm Investec has maintained the buy call of NTPC Limited among power companies. But, its target price has been reduced from Rs 457 per share to Rs 421. Let us tell you, till now there has been a correction of 25 percent in the shares of NTPC from its peak high.

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