NTPC Green, NTPC Rise on Rs 960 Bn Clean Energy Plan in Chhattisgarh
POWER & RENEWABLE ENERGY

NTPC Green, NTPC Rise on Rs 960 Bn Clean Energy Plan in Chhattisgarh

NTPC and its subsidiary, NTPC Green Energy (NGEL), saw an upward trend in their share prices on Tuesday following the announcement of a substantial investment plan in Chhattisgarh’s clean energy sector. NTPC shares recovered from initial losses to gain nearly 0.2 per cent, while NGEL surged by approximately 1.5 per cent during intraday trading.

The company formalised its commitment to renewable energy expansion by signing multiple agreements with the Chhattisgarh government at the Chhattisgarh Energy Investors Summit-2025, held in Raipur. The total investment is estimated at Rs 960 billion, aimed at boosting the state's renewable and hydroelectric capacity.

As part of this initiative, NTPC entered into three major agreements. The first involves a Memorandum of Understanding (MoU) with the Chhattisgarh government for the establishment of a 4,200 MW nuclear power facility, requiring an investment of around Rs 800 billion. This project is expected to enhance the state’s power generation capacity significantly.

Additionally, an MoU was signed between NTPC and Chhattisgarh State Power Generation Company (CSPGCL) to develop a 1,200 MW pumped hydro storage project in Sikaser, Gariyaband district. This project, with an estimated investment of Rs 58.76 billion, is intended to improve energy storage capabilities, supporting grid stability and sustainable power supply.

Further, a Joint Venture Agreement (JVA) between NGEL and CSPGCL outlines plans to establish up to 2 GW of renewable energy projects in the state. The initiative, estimated to cost Rs 100 billion, aligns with the company’s broader strategy to expand its green energy footprint.

These developments reinforce NTPC’s long-term commitment to clean energy investments and underscore Chhattisgarh’s growing role in India’s renewable energy transition.

News source: Money Control

NTPC and its subsidiary, NTPC Green Energy (NGEL), saw an upward trend in their share prices on Tuesday following the announcement of a substantial investment plan in Chhattisgarh’s clean energy sector. NTPC shares recovered from initial losses to gain nearly 0.2 per cent, while NGEL surged by approximately 1.5 per cent during intraday trading. The company formalised its commitment to renewable energy expansion by signing multiple agreements with the Chhattisgarh government at the Chhattisgarh Energy Investors Summit-2025, held in Raipur. The total investment is estimated at Rs 960 billion, aimed at boosting the state's renewable and hydroelectric capacity. As part of this initiative, NTPC entered into three major agreements. The first involves a Memorandum of Understanding (MoU) with the Chhattisgarh government for the establishment of a 4,200 MW nuclear power facility, requiring an investment of around Rs 800 billion. This project is expected to enhance the state’s power generation capacity significantly. Additionally, an MoU was signed between NTPC and Chhattisgarh State Power Generation Company (CSPGCL) to develop a 1,200 MW pumped hydro storage project in Sikaser, Gariyaband district. This project, with an estimated investment of Rs 58.76 billion, is intended to improve energy storage capabilities, supporting grid stability and sustainable power supply. Further, a Joint Venture Agreement (JVA) between NGEL and CSPGCL outlines plans to establish up to 2 GW of renewable energy projects in the state. The initiative, estimated to cost Rs 100 billion, aligns with the company’s broader strategy to expand its green energy footprint. These developments reinforce NTPC’s long-term commitment to clean energy investments and underscore Chhattisgarh’s growing role in India’s renewable energy transition. News source: Money Control

Next Story
Infrastructure Transport

India’s Maha Kumbh of Road Construction

The RAHSTA Forum 2025, held on June 25 at Courtyard by Marriott, Mumbai, delivered powerful insights and dialogue on the future of India’s roads and highways sector. Organised by the FIRST Construction Council, the Forum served as the curtain-raiser to the much-anticipated RAHSTA Expo 2025, set to take place on 3rd and 4th September at the Jio Convention Centre, Mumbai.Union Minister of Roads Transport & Highways Shri Nitin Gadkari, while appreciating the efforts of FIRST Construction Council and ASAPP Info Global Group, commended the awards which recognise excellence across various..

Next Story
Real Estate

Built to Last, Designed to Impress

The construction and interior design industries stand at the confluence of functionality and aesthetics, where innovation powers the creation of enduring structures and inspiring spaces. At the heart of this process are materials and solutions that enable architects, designers, and builders to realise their visions with precision and reliability.Featuring iconic brands such as Fevicol—synonymous with adhesive solutions—Dr. Fixit, a complete waterproofing system renowned for addressing every critical area of construction, and Roff, a specialist in tile-fixing solutions, Pidilite has earned ..

Next Story
Infrastructure Energy

New Push to Cut India’s Air Pollution through Power Sector Reforms

In a significant stride toward environmental sustainability, Cummins India introduced CPCB IV+ compliant gensets to India on July 5, 2023, marking a paradigm shift in the power generation industry. These generators are engineered to adhere to the progressive emission norms set by the Ministry of Environment, Forest, and Climate Change. Being the first sets in the field, they have garnered praise for their remarkable achievements in emissions reduction and cutting-edge technology. Powerica, with its four-decade-long partnership with Cummins India Limited, is dedicated to consistently deliver th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?