Hot Pursuit     22-Apr-24
NTPC arm inks MoU with Indus Towers
NTPC Green Energy and Indus Towers signed a memorandum of understanding (MoU) to address the need for pacing green energy objectives and the government of India (GOI) efforts towards carbon neutral economy.
As part of increasing NTPC’s renewable energy portfolio, a fully owned subsidiary has been formed as ‘NTPC Green Energy’ (NGEL) which shall take up renewable energy parks and projects including business in the area of green hydrogen, energy storage technologies, and round the clock RE power.

The scope of MoU is to explore a joint development of grid connected renewable energy based power projects including solar, wind, energy storage etc and/or solutions thereof.

Indus Towers aims to expand its renewable energy portfolio in a phased manner to Giga Watt scale capacity for its business operations spread across the country, as a part of its net zero commitments.

NTPC is India's largest energy conglomerate. It has presence in the entire value chain of the power generation business. As on 31 March 2024, the Government of India holds 51.10% in NTPC.

Indus Towers is India's leading provider of passive telecom infrastructure and it deploys, owns and manages telecom towers and communication structures, for various mobile operators.

Shares of NTPC slipped 2.29% to Rs 342.85 while Indus Towers fell 0.58% to currently trade at Rs 349.05 on the BSE.

Previous News
  NTPC Ltd drops for fifth straight session
 ( Hot Pursuit - 16-Apr-24   13:35 )
  NTPC commissions 14 MW of 40 MW Ayodhya Solar PV Project
 ( Corporate News - 13-Feb-24   15:10 )
  NTPC Renewable Energy signs MoU with Indian Army
 ( Corporate News - 21-Mar-23   18:56 )
  Market advances in early trade; Nifty above 22,450 mark
 ( Market Commentary - Mid-Session 01-Apr-24   09:36 )
  NTPC Ltd spurts 0.15%, gains for five straight sessions
 ( Hot Pursuit - 28-Nov-22   13:00 )
  NTPC commences operation of 1st unit of North Karanpura Super Thermal Power Station
 ( Hot Pursuit - 28-Feb-23   14:38 )
  NTPC arm inks pact with IOCL to set up renewable energy projects
 ( Hot Pursuit - 21-Mar-23   11:19 )
  NTPC adds commercial capacity of 50 MW of Nokhra Solar PV Project
 ( Corporate News - 01-Apr-23   17:22 )
  NTPC Ltd soars 2.55%, rises for third straight session
 ( Hot Pursuit - 02-Feb-24   13:05 )
  NTPC consolidated net profit rises 15.40% in the June 2022 quarter
 ( Results - Announcements 29-Jul-22   17:39 )
  NTPC Ltd spurts 0.73%, gains for fifth straight session
 ( Hot Pursuit - 04-Jul-23   13:01 )
Other Stories
  Eureka Forbes records over 31% YoY jump in Q4 PAT; EBITDA margin at 9.5%
  29-May-24   17:24
  Power Mech bags its first construction contract from BHEL worth Rs 563 crore
  29-May-24   16:57
  Samvardhana Motherson hits 52-week high as Q4 PAT doubles YoY; board to raise Rs 5,000 cr
  29-May-24   16:52
  Ipca Labs slides as Q4 PAT drops 22% YoY to Rs 60 cr
  29-May-24   16:46
  Mazagon Dock hits life high as Q4 PAT doubles to Rs 662 cr; order book at Rs 38,561 cr
  29-May-24   16:37
  ICRA upgrades Adani Total Gas LT rating to "AA" with 'stable' outlook
  29-May-24   16:20
  Alkem Lab PAT soars to Rs 294 cr in Q4
  29-May-24   15:45
  Emami Q4 PAT rises 3% YoY to Rs 149 cr
  29-May-24   15:37
  Medplus Health Q4 PAT rises 26% to Rs 33 cr
  29-May-24   15:02
  MTAR Technologies Ltd leads losers in 'A' group
  29-May-24   15:00
Back Top