NTPC Green Energy Q3FY25: Shares to gain focus amid consolidated net profit grows to Rs 66 crore
Recently listed NGEL is an umbrella company for the green business initiatives of NTPC and undertakes projects through organic and inorganic routes.
NTPC Green Energy Q3FY25: Shares to gain focus amid consolidated net profit grows to Rs 66 crore
State-run NTPC’s arm NTPC Green Energy Ltd reported an 18% rise in consolidated net profit at Rs 65.61 crore for the December quarter FY25, on account of higher income. It had logged a Rs 55.61 crore net profit in the year-ago quarter, the company said in an exchange filing.
Total income rose to Rs 581.46 crore from Rs 463.46 crore. Expenses were at Rs 482.22 crore as against Rs 383.28 crore. Recently listed NGEL is an umbrella company for the green business initiatives of NTPC and undertakes projects through organic and inorganic routes.
On Friday, NGEL said its arm NTPC Renewable Energy Limited (NTPC REL) has won a 300 megawatt (MW) solar project from NHPC bidder in the e-reverse auction conducted by NHPC.
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Share of the company was trading lower by 0.097% at Rs 113.06 on 24 January.
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