NTPC Green shares in focus after full commercial operation of 105 MW Shajapur solar project
NTPC Green Energy shares will be in focus on Thursday after its subsidiary, NTPC Renewable Energy Ltd, declared the second and final phase of its 105 MW Shajapur Solar Project in Madhya Pradesh operational.
«We wish to inform you that, following successful commissioning, the second and final capacity of 50 MW out of the 105 MW Shajapur Solar Project (Unit-1) of NTPC Renewable Energy Limited, a subsidiary of NTPC Green Energy Limited at Shajapur Solar Park, MP, has been declared commercially operational with effect from 00:00 Hrs on March 13, 2025,» NTPC Green Energy said in an exchange filing.
With this, the entire 105 MW Shajapur Solar Park is now fully operational. The first phase of 55 MW was commissioned on November 29, 2024.
NTPC Green Q3 Earnings
NTPC Green Energy's net profit surged 52.3% to Rs 89.4 crore in Q3FY25, compared to Rs 58.7 crore in the same quarter last year. Revenue for the quarter grew 4.1% to Rs 460.9 crore from Rs 442.6 crore in Q3FY24. However, EBITDA declined 2.3% to Rs 384.6 crore from Rs 393.6 crore, while the EBITDA margin slipped to 83.5% from 88.9%.
The stock's relative strength index (RSI) stands at 44.1, indicating it is neither overbought nor oversold, while the MACD is at -5.5, a bearish signal as it remains below its center line. Additionally, the stock is trading below its 20-day, 30-day, and 50-day simple moving averages (SMAs), further reflecting weak momentum.
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