NTPC Green Share Price Surges As Gujarat Plant Commercial Operations Commence
This development comes quickly on the heels of NTPC Green share price plunging on Thursday, after anchor investors offloaded their stake as the first lock-in period came to an end on December 25.
Shares of state-owned power generation company NTPC's recently listed arm, NTPC Green Energy Ltd., climbed in early trade on Friday after the company notified the stock exchanges that it has commenced commercial operations at its plant in Gujarat. NTPC Green share price jumped nearly 6% today.
Operations are underway of first part capacity of 37.5 MW in the Gujarat Solar PV Project, as per the filing. The overall capacity of the project located in Sadla, Gujarat, is 200 MW.
This development comes quickly on the heels of the company's share price plunging on Thursday, after anchor investors offloaded their stake as the first lock-in period came to an end on December 25. Thereafter, 50% of these shares became available for trade. The lock-in period for the remaining shares held by anchor investors will end on February 23.
Notably, the Rs 10,000-crore initial public offering of NTPC Green Energy was subscribed 2.42 times on its final day of bidding, with retail investors leading the demand with 3.44 times subscription. NTPC Green Energy share price closed at a premium of 12.31% over the issue price on the listing day.
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NTPC Green Share Price Today
The scrip rose as much as 5.77% to Rs 133.30 apiece, the highest level since December 24, 2024. It pared some of the gains to trade 4.94% higher at Rs 132.25 apiece, as of 11:09 a.m. This compares to a 0.64% advance in the NSE Nifty 50 Index.
It has risen 8.71% on a year-to-date basis. Total traded volume so far in the day stood at 0.5 times its 30-day average. The relative strength index was at 55.31.
