President of India-backed solar power stock jumps over 6 per cent with heavy volume
The stock is down by 29 per cent from its 52-week high of Rs 155.30 per share while it is up by 30.3 per cent from its 52-week low of Rs 84.60 per share.
On Friday, shares of NTPC Green Energy Ltd gained 8.12 per cent to an intraday high of Rs 112.50 per share from its previous closing of Rs 104.05 per share. The stock’s 52-week high is Rs 155.30 per share and its 52-week low is Rs 84.60 per share. At the closing bell, shares of the company were trading at Rs 110.30 per share, up 6.01 per cent and the shares of the company saw a spurt in volume by more than 4 times on the BSE.
NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited and a key player in India's renewable energy sector, is actively driving the nation's sustainable energy transition. Incorporated in 2022, NGEL focuses on developing, constructing, and operating solar and wind energy projects across the country. NTPC group's total installed and commercial capacity to 76,530.68 MW. Furthermore, NGEL has forged a strategic partnership with Chhattisgarh State Power Generation Company Limited to develop up to 2,000 MW of renewable energy projects, including innovative floating solar solutions, reinforcing their commitment to a greener future.
According to Quarterly Results, the net sales increased by 23 per cent to Rs 622 crore and net profit increased by 253 per cent to Rs 233 crore in Q4FY25 compared to Q3FY25. In its annual results, the net sales increased by 13 per cent to Rs 2,210 crore and net profit increased by 37 per cent to Rs 474 crore in FY25 compared to FY24.
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Recently, NTPC Green Energy Limited has formalised its win of 1000 MW in UPPCL’s Solar PV Power Project Auction by signing the Power Purchase Agreement (PPA) today, June 4, 2025. The PPA was executed at a discovered tariff of Rs 2.56 per kWh. Previously, NTPC Renewable Energy Limited was inadvertently mentioned as the signatory; however, it is NTPC Green Energy Limited that has officially signed this significant agreement.
The company has a market cap of over Rs 92,000 crore and debtor days have improved from 306 to 85.3 days. The shares of the company have a PE of 196x, an ROE of 4 per cent and an ROCE of 5 per cent. The stock is down by 29 per cent from its 52-week high of Rs 155.30 per share while it is up by 30.3 per cent from its 52-week low of Rs 84.60 per share.
Disclaimer: The article is for informational purposes only and not investment advice.