NTPC Green shares jump 4% on commencing 1st part of Shajapur Solar Project
NTPC Green Energy rose 4% in today's session, reaching a high of Rs 127.55 on the BSE, after the company announced that it had successfully commissioned the first part of the 105 MW Shajapur Solar Project, with a capacity of 55 MW.
“In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that consequent upon successful commissioning, first part capacity of 55 MW out of 105 MW Shajapur Solar Project (Unit-I) at Shajapur, M.P of NTPC Renewable Energy Limited (a wholly-owned subsidiary of NTPC Green Energy Limited), is declared on Commercial Operation w.e.f. 00:00 Hrs. of 29.11.2024,” said the company in a filing.
The stock has surged 18% from its IPO price of Rs 108 in just two days, despite weak market sentiment.
Shares of NTPC’s green energy arm were listed on the exchanges on Wednesday, and its market capitalization surpassed the Rs 1 lakh crore mark on the same day, following a 10% surge after a lackluster listing.
NTPC's renewable energy arm debuted at Rs 111.50 on the NSE, a 3.2% premium over the issue price.
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