NTPC Green Energy, RVUNL enters into JV NTPC Rajasthan Green Energy for RE parks
The JV will assist in developing, operating, and maintaining renewable energy parks, including solar, wind, and hybrid energy projects, with or without storage, having a total capacity of up to 25 gigawatts.
NTPC Green Energy, RVUNL enters into JV NTPC Rajasthan Green Energy for RE parks
A subsidiary of NTPC Ltd, NTPC Green Energy Ltd., and Rajasthan Rajya Vidyut Utpadan Nigam Ltd.—a Rajasthan government undertaking—have jointly incorporated NTPC Rajasthan Green Energy Ltd. NTPC Green Energy will hold 74%, while Rajasthan Rajya Vidyut Utpadan Nigam will acquire a 26% stake in the joint venture, according to an exchange filing.
The JV will assist in developing, operating, and maintaining renewable energy parks, including solar, wind, and hybrid energy projects, with or without storage, having a total capacity of up to 25 gigawatts.
Also, it will help in developing a green hydrogen plant with up to one million tonnes of capacity through a suitable model. Additionally, NTPC Green Energy will hold 74,000 equity shares of the JV at a face value of Rs 10 each, the filing said.
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Shares of NTPC Green Energy closed 1.23% higher at Rs 125.45 apiece on the National Stock Exchange, compared to a 0.08% fall in the benchmark Nifty on Wednesday.
The share price has risen 3.12% from the time it was listed in November 2024. The average of 12-month analysts' price targets implies a potential downside of 44.2%.
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