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NTPC Green Energy Ltd., a subsidiary of the state-owned NTPC Ltd., saw its shares rise by 5% on Thursday
NTPC Green Energy Share Price
NTPC Green Energy Ltd., a subsidiary of the state-owned NTPC Ltd., saw its shares rise by 5% following a 12% gain on its listing day this past Wednesday.
The stock surged after the company announced the commencement of commercial operations for the first phase of its Shajapur Solar Project in Madhya Pradesh.
In a filing on November 28, NTPC Green Energy revealed that its wholly-owned subsidiary, NTPC Renewable Energy Ltd., will begin commercial operations for 55 MW of the 105 MW Shajapur Solar Project starting November 29.
Earlier in October, NTPC had announced the commissioning of a 50 MW segment from the 220 MW Shajapur Solar Project in Madhya Pradesh through its step-down subsidiary, NTPC Renewable Energy.
NTPC Green Energy’s stock debuted at Rs 111.50 per share on the NSE, representing a 3.24% premium over the IPO price of Rs 108 per share. On the BSE, the stock listed at Rs 111.60, reflecting a premium of 3.33%.
The company’s market capitalization currently stands at Rs 1,05,034.20 crore.
On Thursday, the second day of trading, NTPC Green Energy’s stock reached an intraday high of Rs 127.55 per share, marking an increase of over 18% from its issue price of Rs 108 and a rise of more than 14% from its listing price.
The company raised Rs 10,000 crore through its public issue, which comprised an entirely fresh issuance of 92.59 crore shares. The subscription window for the NTPC Green Energy IPO was open from November 19 to November 22, with the price band set between Rs 102 and Rs 108 per share.
NTPC Green Energy is a ‘Maharatna’ central public sector enterprise with a renewable energy portfolio that includes solar and wind power assets.
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