Shares of NTPC Green Energy Ltd climbed 1.88% to Rs 100 in Friday’s session after its subsidiary NTPC Renewable Energy Limited (NTPC REL) signed a major Memorandum of Understanding (MoU) with the Government of Gujarat to develop large-scale renewable energy projects across the state.
The MoU, exchanged on October 9, 2025, during the Vibrant Gujarat Regional Conference in Mehsana, covers the development of solar parks and projects with a cumulative capacity of 10 GW, along with wind projects totalling 5 GW.
This strategic collaboration marks a significant step in NTPC’s commitment to India’s clean energy transition, aligning with its long-term goal to achieve 60 GW of renewable capacity by 2032.
The new projects are expected to drive sustainable growth in Gujarat’s renewable energy sector, boost employment, and enhance local energy infrastructure.
At the time of writing, NTPC Green Energy shares were trading at Rs 100, up 1.88%, on the BSE, supported by positive investor sentiment following the announcement.
