NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited (NGEL), has achieved a significant milestone in the renewable energy sector. The company has emerged as a successful bidder in the e-reverse auction conducted by Uttar Pradesh Power Corporation Limited (UPPCL).
During the e-reverse auction held on January 3, 2025, NTPC REL secured an impressive capacity of 1000 MW at a highly competitive tariff of Rs. 2.56/kWh. This development reinforces NTPC REL’s commitment to advancing India’s renewable energy goals and accelerating the country’s transition to clean and sustainable energy sources.
The official Letter of Award (LOA) from UPPCL is awaited. This achievement underscores NTPC REL’s leadership in India’s renewable energy sector, further advancing the nation’s green energy goals.
In the meantime, on January 3, NTPC Green shares closed at ₹128.10, slightly lower than the opening price of ₹128.34. The stock hit a high of ₹132.08 and a low of ₹127.78. Its 52-week range spans from a high of ₹155.35 to a low of ₹111.50.
