NTPC Gains After Renewable Arm Secures 325 MW Solar Projects In Madhya Pradesh

Share price of NTPC edged marginally higher on Thursday, September 2, a day after the company’s renewable energy arm secured new solar projects in Madhya Pradesh. On Thursday, NTPC opened on the BSE at Rs 115.35, touching an intra day high of Rs 116.65 and an intra day low of Rs 115, throughout the trading session today. On September 1, the state-owned power major announced that NTPC REL received a letter of award (LoA) for 325 MW solar projects in Madhya Pradesh.

In a statement, NTPC said that the company received the LoA from Madhya Pradesh Chief Minister Shivraj Singh Chauhan for solar projects in the Rewa Ultra Mega Solar Limited at Shajapur Solar Park in the state.

On Thursday, September 2, shares of NTPC settled 1.04 per cent higher at Rs 116.55 apiece on the BSE.