On January 27, 2025, NTPC Green Energy shares dropped approximately 4%, reaching a low of ₹107.90 at 10:20 AM, after opening at ₹111.60. The decline in NTPC Green Energy shares follows the release of the company’s financial results for the quarter ending December 31, 2024. NTPC Green reported an 18%YoY growth in net profits, reaching ₹65.61 crore, up from ₹55.61 crore in the same quarter last year. Revenue from operations rose 13.2% to ₹505.08 crore, compared to ₹446.14 crore in the previous year’s corresponding quarter.
However, the company’s expenses surged by 26%, totalling ₹482.22 crore, up from ₹383.28 crore in the same period last year. NTPC Green Energy’s standalone net profits saw a significant 52% increase, climbing to ₹89.42 crore for the quarter, compared to ₹58.73 crore in Q3 of the previous year.
On January 24, 2025, NTPC Green’s wholly owned subsidiary NTPC Renewable Energy Limited (NTPC REL), was selected as a successful bidder in the e-reverse auction conducted by NHPC Limited. As a result, it secured a contract for Setting up of 1200 MW (1.2 GW) ISTS (Inter State Transmission System) Connected Solar Power Projects with 600MW/1200MWh Energy Storage Systems (ESS) on an anywhere-in-India basis under Tariff Based Competitive Bidding with Green Shoe Option.
NTPC Green Energy is a renewable energy company that focuses on undertaking projects through organic and inorganic routes. NTPC Green Energy had been listed on the Indian stock market in late November 2024, raising ₹10,000 crore from investors during its IPO.
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Published on: Jan 27, 2025, 10:54 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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