Shares of NTPC gained momentum in early trading on Tuesday after the company announced the incorporation of “ONGC NTPC Green Private Limited (ONGPL),” a 50:50 joint venture between NTPC Green Energy Limited (NGEL) and Oil and Natural Gas Corporation (ONGC). This new entity will focus on developing and acquiring renewable energy projects, including offshore wind, to expand its green energy portfolio.
The move is part of NTPC’s broader strategy to strengthen its position in the renewable energy space, leveraging partnerships to achieve its sustainability goals. The incorporation of ONGPL signals a significant step toward advancing renewable energy initiatives.
In addition, NTPC paid an interim dividend of Rs 2,424 crore to its shareholders on November 18, 2024. This represents 25% of the company’s paid-up equity share capital. The dividend payout underscores NTPC’s commitment to delivering consistent returns to its shareholders.
As of 9:59 AM, NTPC shares were trading 1.13% higher at ₹370.85 on the NSE, reflecting investor optimism following these developments.
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