NTPC Green Energy Ltd, a subsidiary of state-owned NTPC Ltd, saw its shares rise 5 percent on Thursday.
NTPC Green Energy Ltd, a subsidiary of state-owned NTPC Ltd, saw its shares rise 5% after rising 12% on its listing day last Wednesday.
The stock rose 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 disclosed that its wholly-owned subsidiary, NTPC Renewable Energy Limited, will begin commercial operations for 55 MW of the 105 MW Shajapur solar project beginning November 29.
Earlier in October, NTPC had announced the commissioning of the 50 MW segment of the 220 MW Shajapur Solar Project in Madhya Pradesh.
NTPC Green Energy’s stock debuted on the NSE at Rs 111.50 per share, representing a 3.24 percent premium over the IPO price of Rs 108 per share. On BSE, the stock traded at Rs 111.60, reflecting a premium of 3.33 percent.
The market capitalization of the company currently stands at Rs 1,05,034.20 crore.
On Thursday, the second day of trading, the stock of NTPC Green Energy touched an intraday high of Rs 127.55 per share, up more than 18% from its issue price of Rs 108 and over 14% from its listing price. There was an increase.
The company raised Rs 10,000 crore through its public issue, which included an entirely fresh issue of 92.59 crore shares. The subscription window for the NTPC Green Energy IPO was open from November 19 to November 22, with a price band set between Rs 102 and Rs 108 per share.
NTPC Green Energy is an ‘expertise’ central public sector enterprise with a renewable energy portfolio that includes solar and wind power assets.
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