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 electrical energy manufacturing of the firm has elevated by 3.82 p.c between April and December of the monetary 12 months 2024. At the identical time, now news is coming that NTPC Green Energy’s subsidiary firm NTPC Renewable Energy Ltd. (NTPC REL) has bought a giant deal.

Actually, the firm has received the e-reverse public sale organized by Uttar Pradesh Power Corporation Limited (UPPCL). This public sale was held on Friday i.e. January 3, 2025 for 2000 MW ISTS-connected photo voltaic PV energy tasks. Let us clarify it intimately.

what’s the complete matter

In truth, on January 3, 2025, an e-reverse public sale was carried out by Uttar Pradesh Power Corporation Limited (UPPCL) for 2000 MW ISTS-connected photo voltaic PV energy tasks. In this public sale, NTPC Green Energy’s subsidiary firm NTPC Renewable Energy Ltd. (NTPC REL) additionally bid and received the public sale.

The firm will now function a capability of 1000 MW at a tariff of Rs 2.56 per unit. However, the Letter of Award (LOA) for this undertaking has not but been acquired from Uttar Pradesh Power Corporation Limited. It is believed that after this deal, there might be motion in the shares of the firm on Monday.

Status of NTPC shares

NTPC Green Energy Ltd. Shares of have been buying and selling at Rs 128.17 with a acquire of 0.17 per cent on Friday. At the identical time, the firm’s shares have declined by 14.04 p.c in the final one month. Talking about the important firm NTPC Limited, international brokerage agency Investec has maintained the purchase name of NTPC Limited amongst energy firms. But, its goal value has been diminished from Rs 457 per share to Rs 421. Let us let you know, until now there has been a correction of 25 p.c in the shares of NTPC from its peak excessive.

Disclaimer: (The info supplied right here is being supplied for info solely. It is essential to word right here that funding in the market is topic to market dangers. Always search professional recommendation earlier than investing cash as an investor. ABPLive.com doesn’t advise anybody It is rarely advisable to make investments cash right here.)

Also learn: New IPO: There will be rain of cash in January, everyone seems to be stunned to see the GMP of this IPO which can open on sixth.