Shares of NTPC and its subsidiary NTPC Green Energy Ltd traded higher on Tuesday after the company announced its plan to invest ₹96,000 crore in clean energy projects in Chhattisgarh. While NTPC shares recovered from early losses and gained nearly 0.2 percent, NTPC Green Energy saw a rise of around 1.5 percent in intraday trade.
The company confirmed that it signed a number of deals with the Chhattisgarh government to develop hydro and renewable projects in the state. Under the investment, NTPC Group signed deals worth ₹96,000 crore during the Chhattisgarh Energy Investors Summit 2025, held in Raipur.
NTPC signed three key agreements, including a Memorandum of Understanding (MoU) with the government of Chhattisgarh to establish 4,200 MW nuclear power capacity in the state. The estimated cost of the project will be ₹80,000 crore.
In addition, another MoU between NTPC and Chhattisgarh State Power Generation Company Limited (CSPGCL) was signed to establish a 1,200 MW pumped hydro storage plant in Sikaser in the Gariyaband district. The project is estimated to have an investment of ₹5,876 crore.
NTPC Green Energy Limited and CSPGCL also entered into a Joint Venture Agreement to set up 2 GW of renewable projects in Chhattisgarh. The investment in the said renewable project is approximated to be ₹10,000 crore.
These transactions mark a significant milestone in diversifying NTPC’s clean energy mix and enhancing Chhattisgarh’s contribution to the development of India’s renewable energy.
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Source: Moneycontrol.
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