NTPC shares plunges amid signing Rs 96,000 crore clean energy investment in Chhattisgarh
A joint venture agreement was also signed with CSPGCL to set up renewable energy projects up to 2 gigawatts in the state with an approximate investment of Rs 10,000 crore.
NTPC shares plunges amid signing Rs 96,000 crore clean energy investment in Chhattisgarh
Following the announcement of plans to invest Rs 96,000 crore in Chhattisgarh with the signing of numerous agreements with the state government to establish clean energy projects, shares of the state-run power company NTPC Ltd. fell on Tuesday.
The stock is down 0.12% to Rs 329 apiece on the National Stock Exchange (NSE) at 9:26 am. At the Chhattisgarh Energy Investors Summit-2025 in Raipur, the first memorandum of understanding (MoU) was signed with the state government to set up a 4,200 megawatt nuclear capacity in Chhattisgarh at an investment of around Rs 80,000 crore, the company said in an exchange filing.
The second MoU was inked between NTPC and Chhattisgarh State Power Generation Company Ltd (CSPGCL), related to an investment of Rs 5,876 crore to establish 1,200 MW of pumped hydro storage at Sikaser.
A joint venture agreement was also signed with CSPGCL to set up renewable energy projects up to 2 gigawatts in the state with an approximate investment of Rs 10,000 crore.
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Earlier, NTPC signed multiple MoUs with the Madhya Pradesh government to invest over Rs 2 lakh crore in the state. "It includes renewable projects based on solar, wind, pumped hydro, and other carbon-neutral energy sources in the state of Madhya Pradesh," according to a regulatory filing.
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