Last update:November 28, 2024, 12:50 p.m. IST

NTPC Green Energy Ltd., a subsidiary of state-owned NTPC Ltd., saw its shares rise 5% on Thursday.

NTPC Green Energy stock price

NTPC Green Energy Ltd., a subsidiary of state-owned NTPC Ltd., saw its shares rise 5% after a 12% gain on its trading day last Wednesday.

The stock jumped after the company announced the start of commercial operations for the first phase of its Shajapur solar project in Madhya Pradesh.

In a filing on November 28, NTPC Green Energy revealed that its wholly-owned subsidiary, NTPC Renewable Energy Ltd., would begin commercial operations for 55 MW of the 105 MW Shajapur solar project from November 29.

Earlier in October, NTPC had announced commissioning of a 50 MW segment of the 220 MW Shajapur solar project in Madhya Pradesh through its fading subsidiary NTPC Renewable Energy.

NTPC Green Energy stock debuted at Rs 111.50 per share on the NSE, representing a premium of 3.24 per cent over the IPO price of Rs 108 per share. On the BSE, the stock was trading at Rs 111.60, reflecting a premium of 3.33%.

The market capitalization of the company currently stands at Rs 1,05,034.20 crore.

On Thursday, the second trading day, NTPC Green Energy stock hit an intraday high of Rs 127.55 per share, marking an increase of over 18% from its issue price of Rs 108 and a rise of more than 14% compared to its listing price.

The company raised Rs 10,000 crore through its public issue, which included a whole new issue of 92.59 crore shares. The subscription window for NTPC Green Energy’s IPO was open from November 19 to 22, with the price band set between Rs 102 and Rs 108 per share.

NTPC Green Energy is a ‘Maharatna’ central public sector enterprise with a renewable energy portfolio that includes solar and wind power assets.

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