Shares of NTPC Green Energy traded at ₹100.88 Friday morning on the National Stock Exchange, climbing over 3.3 percent in intraday trading. The movement extends a 13 percent rally from Thursday that positioned the renewable power company as one of the market’s top performers.
The price action follows a major operational milestone for the firm. NTPC Green Energy announced that the 270-megawatt third phase of its Khavda-II Solar PV Project in Gujarat officially commenced commercial operations on March 11. The deployment pushes the NTPC Green Energy Limited Group’s total installed operational capacity to 9,562.68 megawatts.
Renewable Sector Defies Broader Market Downturn
The stock’s upward trajectory coincided with a 2.3 percent gain in the BSE Power index. Investors rotated into domestic energy utilities despite a wider selloff across the BSE Sensex and NSE Nifty, which faced downward pressure from foreign institutional outflows and geopolitical tensions in the Middle East. The sector’s momentum mirrors a broader flow of capital toward energy assets as market dynamics shift amid rising global crude oil prices.
NTPC Green Energy, spun out of India’s largest power utility and ‘Maharatna’ enterprise NTPC Limited, went public in late 2024. The subsidiary serves as the primary vehicle for the conglomerate’s clean energy transition. The company maintains an internal target of reaching 60 gigawatts of renewable capacity by 2032, aligning with India’s national objective to establish 500 gigawatts of renewable energy by 2030.
Green Hydrogen and Technical Indicators
Beyond traditional wind and solar infrastructure, NTPC Green Energy is financing next-generation fuel technologies. The company is actively developing the Pudimadaka Green Hydrogen Hub in Andhra Pradesh. The 1,200-acre facility is projected to produce up to 1,500 tonnes of green hydrogen per day once fully operational.
Financial outlets, including The Economic Times, note that technical indicators for the stock are currently favorable. NTPC Green Energy recently registered a bullish Relative Strength Index upswing, pointing to strengthening momentum among institutional and retail traders.