NTPC Green Energy Ltd forms JV with Indian Oil Corporation Ltd

NTPC Green Energy Limited, a wholly owned subsidiary of NTPC Limited has incorporated a new Company, in 50:50 joint venture with Indian Oil Corporation Limited, in the name of "INDIANOIL NTPC GREEN ENERGY PRIVATE LIMITED". The incorporation date of joint venture company is 2 June 2023.

INDIANOIL NTPC GREEN ENERGY PRIVATE LIMITED will develop Renewable Energy based power projects (viz. Solar PV, Wind, any other RE, Energy Storage or any combination of same), to supply 650 MW or more renewable power on round the clock basis, to cater to the requirement of Indian Oil Corporation Limited.

Shares of NTPC Limited was last trading in BSE at Rs. 174.40 as compared to the previous close of Rs. 174.30. The total number of shares traded during the day was 151139 in over 2507 trades.

The stock hit an intraday high of Rs. 175.75 and intraday low of 173.45. The net turnover during the day was Rs. 26381634.00.

Source : Equity Bulls

Keywords

NTPC INE733E01010 NTPCGreenEnergy IndianOilCorporation JV