NTPC Green shares rally 4% on signing MoU with Bihar government
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Shares of NTPC Green Energy rallied 4% to their day's high of Rs 137.10 on the BSE today after the company signed a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar. “NTPC Green Energy Limited (NGEL), a subsidiary of NTPC, has signed a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar, during 'Bihar Business Connect 2024' Global Investors’ Summit held on December 20, 2024, in Patna,” said the company in its filing to the stock exchanges. The MoU outlines a framework for significant investments in Bihar to establish renewable energy projects, including ground-mounted and floating solar installations, battery energy storage systems and green hydrogen mobility initiatives etc. The Government of Bihar will facilitate the necessary permissions, registrations, approvals, and clearances from concerned departments, agencies, and authorities to support the p...