Green energy stock jumps 5% after signing MoU with Madhya Pradesh Power Generating Co.

Green Energy stock is in focus after it signed an MOU with Madhya Pradesh Power Generating Company for strategic Renewable Energy Projects of upto 20 GW

Share Price Movement

With a market capitalization of Rs. 83,108 Crore, the stock of NTPC Green Energy Limited opened at Rs. 101.01, up 2.65 percent from yesterday’s close, and after opening it made a high of 103.22 up 4.89 percent.

Update from Company

The company has signed an MOU with Madhya Pradesh Power Generating Company Limited (MPPGCL) at the Global Investors Summit 2025 held in Bhopal. They will jointly work for the formation of a Joint Venture Company (JVC) to meet the Renewable Generation Obligation (RGO) of the Madhya Pradesh Generating Company and the Renewable Purchase Obligation (RPO) of Madhya Pradesh DISCOMs. 

The MOU aims to collaborate in the field of Renewable Energy through the setting up of Projects comprising of Solar/wind/Hybrid with or without storage of Up to 20 GW or more in Madhya Pradesh.

Also read: Microcap stock jumps over 4% after signing agreement to acquire 100% stake in Solar Opto Medic

Financial Highlights

The company reported a 13.21 percent YoY increase in revenue from Rs. 446.14 Crore in Q3FY24 to Rs. 505.08 Crore in Q3FY25. On a QoQ basis, the company reported an increase of 1.23 percent in revenue from Rs. 503.85 Crore in the previous quarter.

Their Net profit saw an increase of 17.98 percent YoY from Rs. 55.61 Crore to Rs. 65.61 Crore for the same period. On a QoQ basis, the company reported an increase of 78.82 percent in Net profit from Rs. 36.69 Crore in the previous quarter.

About the Company

NTPC Green Energy Limited (NGEL) is a subsidiary of NTPC Limited, dedicated to driving the transition towards renewable energy. The company focuses on developing and expanding solar, wind, hybrid, and green hydrogen projects, contributing to a cleaner and more sustainable energy future. Through strategic collaborations and innovative technologies, NGEL plays a key role in integrating renewable power solutions into India’s energy landscape.

Written By Abhishek Das

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