NTPC climbs 2% after bagging 40 MW solar energy projects

NEW DELHI: Shares of NTPC climbed over 2 per cent in Wednesday's trade and looked on course to extend their winning streak into the third consecutive session as the company said it had won solar energy projects by UPNEDA.

The state-run power major said it has won 40 MW solar energy projects in an auction conducted by Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA).

The projects shall be set up under EPC (engineering, procurement and construction) mode and shall add to the installed capacity of NTPC, the company said.


With these projects, NTPC has won aggregate solar capacity of 545 MW under tariff-based competitive bidding tenders of states or SECI (Solar Energy Corporation of India).

The stock has gained 12 per cent in the calender year till the last close against the 9 per cent gain in the benchmark Sensex.

The stock closed 0.76 per cent higher at Rs 139.95 on BSE.