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Shares of NTPC rose 1.42% to Rs 365.20 on the BSE.
The project, which will be spread across multiple locations in India, is expected to be completed within 24 months. It is projected to generate approximately 1,300 million units (MUs) of electricity annually, thereby mitigating over 1 million tons of carbon dioxide emissions each year.
The project was secured by TPREL through a competitive bidding process and will comprise a mix of solar, wind, and battery energy storage system (BESS) technologies.
A key feature of this initiative is the commitment to a four-hour peak power supply, ensuring at least 90% availability during peak demand hours to support the growing energy requirements of distribution companies.
This collaboration further reinforces TPREL’s position as a leader in India’s renewable energy sector, particularly in hybrid and complex renewable projects involving solar, wind, and battery storage. With a strong commitment to sustainability and innovation, the company continues to advance India's transition to a greener and more resilient energy future.
With this project, TPREL’s total renewable utility capacity has reached 10.9 GW. Currently, 5.5 GW of this capacity is operational, comprising 4.5 GW of solar and 1 GW of wind energy. An additional 5.4 GW is under various stages of implementation, evenly split between 2.7 GW of solar and 2.7 GW of wind projects. These ongoing projects are expected to be completed in phases over the next 6 to 24 months in a staggered manner.
Tata Power Company, a leading integrated power company and a part of the Tata Group, India's largest multinational business conglomerate, owns a diversified portfolio of 15.6 GW. This portfolio spans the entire power value chain, from renewable and conventional energy generation to transmission, distribution, trading, storage solutions, and solar cell and module manufacturing.
NTPC Green Energy (NGEL), promoted by ‘Maharatna’ central public sector enterprise NTPC, is the largest renewable energy (excluding hydro) public sector enterprise in terms of operating capacity.
Shares of Tata Power Company gained 1.74% to close at Rs 364.50, while shares of NTPC rose 2.96% to settle at Rs 359.70 on 11 April 2025.
The Indian stock market is closed today, 14 April 2025, on account of Ambedkar Jayanti.
Tata Power Renewable Energy (TPREL), subsidiary of Tata Power Company, has signed a Power Purchase Agreement (PPA) with NTPC to develop a 200 MW Firm and Dispatchable Renewable Energy (FDRE) Project.
The project, spread across multiple locations in India is set to be completed within 24 months and is expected to generate approximately 1,300 million units (MUs) of electricity annually, mitigating over 1 million tons of carbon dioxide emissions per year. The project was won by TPREL based on competitive bidding and would consist of Solar, Wind and BESS technologies. A key feature of this initiative is the commitment to a 4 hour peak power supply, ensuring at least 90% availability during peak demand hours to support the growing energy needs of Distribution Companies.
This collaboration reinforces TPREL's position as a leader in India's renewable energy sector with hybrid and complex renewable projects, consisting of Solar, Wind and battery storage. With a steadfast commitment to sustainability and innovation, the Company continues to drive forward India's mission of a greener and more resilient clean energy future.
With this project, TPREL's total renewable utility capacity has reached 10.9 GW. Currently, 5.5 GW of this capacity is operational, comprising 4.5 GW of solar and 1 GW of wind energy. Additionally, 5.4 GW is under various stages of implementation, evenly split between 2.7 GW of solar and 2.7 GW of wind projects. These ongoing projects are expected to be completed in phases over the next 6 to 24 months in a staggered manner.
NTPC announced that consequent upon successful commissioning, the second part capacity of 90 MW out of 150 MW Dayapar Wind Energy Project Phase-I at Dayapar, Bhuj, Gujarat, under 450 MW Hybrid Project of NTPC REL, a step-down subsidiary of NTPC through its subsidiary NTPC Green Energy , is declared on Commercial Operation w.e.f. 00:00 Hrs. of 09 April 2025.
The first part capacity of 50 MW has already been declared on commercial operation w.e.f. 04 November 2023.
With this, the total installed and commercial capacity of the NTPC group will become 80,020 MW.
Shares of NTPC gained 1.86% to currently trade at Rs 359.65 on the BSE.
The order is for the supply of generator parts to the NTPC project at Talcher in Odisha, it added.
The order is to be executed within a time period of 40 months.
GE Power India is one of the leading players in the Indian power generation equipment market. Hydro and gas businesses are also housed in the company in addition to steam power. The company offers a comprehensive portfolio of power generation solutions with a focus on emissions control and services, providing sustainable, affordable, and reliable electricity.
NTPC is India's largest energy conglomerate. It has a presence in the entire value chain of the power generation business. As of 31 December 2024, the Government of India holds 51.10% in NTPC.