NTPC, NTPC Green shares in focus on signing multiple agreements worth Rs 96,000 cr with Chhattisgarh gov

The shares of state-owned company NTPC and its subsidiary NTPC Green Energy are likely to gain attention on Tuesday, March 11, following the signing of multiple agreements with the Chhattisgarh government valued at Rs 96,000 crore.

These agreements include nuclear, pump hydro, and renewable projects based on solar/wind/hybrid sources in the state.

“In a major boost to sustainable energy solutions while strengthening Govt of India's efforts towards energy transition and Net Zero goals, NTPC Limited along with its subsidiary NTPC Green Energy Ltd (NGEL) today signed multiple agreements worth Rs 96,000 crore with the Govt. of Chhattisgarh at Chhattisgarh Energy Investors Summit-2025 held at Raipur. The agreements include Nuclear, Pump Hydro, and Renewable projects based on Solar/Wind/Hybrid sources in the state,” the company said in an exchange filing.


The first MoU has been signed to establish a 4200 MW nuclear power facility in Chhattisgarh, with an estimated investment of Rs 80,000 crores. The second MoU was signed between Chhattisgarh State Power Generation Company Limited (CSPGCL) and NTPC, outlining an intent to invest approximately Rs 5,876 crores in developing a 1,200 MW Pumped Hydro Storage Project at Sikaser in the Gariyaband district of Chhattisgarh.

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The third Joint Venture Agreement (JVA) was signed between NTPC Green Energy Ltd. (NGEL) and Chhattisgarh State Power Generation Company Limited (CSPGCL) to develop renewable energy projects with a capacity of up to 2 GW in the state. This initiative, with an estimated investment of ₹10,000 crores, aims to fulfill CSPGCL’s Renewable Generation Obligation (RGO) and support Chhattisgarh DISCOM’s Renewable Purchase Obligation (RPO).

The shares of NTPC closed flat at Rs 329.15 on Monday while those of NTPC Green Energy closed 2.4% lower at Rs 94.98 on the BSE.

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