Latest news with #NTPCGreen
News18
3 days ago
- Business
- News18
Stocks To Watch: Torrent Pharma, Tata Steel, Adani Ent, NTPC Green, HAL, GAIL, And Others
Last Updated: Stocks to watch: Shares of firms like Torrent Pharma, Tata Steel, Adani Ent, NTPC Green, HAL, GAIL, and others will be in focus on Monday's trade Stocks to Watch today, Monday, June 30, 2025: Markets edged higher on Friday, extending the ongoing uptrend and ending the session with modest gains. In today's trade, shares of Torrent Pharma, Tata Steel, Adani Enterprises, NTPC Green, Asian Paints, HAL, among others will be in focus due to various news developments. The company has received a show-cause-cum-demand notice from the GST audit department for irregular Input Tax Credit (ITC) claims amounting to Rs 1,007.54 crore for the financial years 2018-19 to 2022-23. Torrent Pharmaceuticals: Torrent Pharma announced its acquisition of a controlling stake in JB Chemicals. It will purchase 74.48 million shares (46.39%) from Tau Investment Holdings Pte Ltd for Rs 11,917 crore. Additionally, it may acquire up to 2.8% from JB Chemicals employees at Rs 1,600 per share. An open offer for an additional 26% stake at Rs 1,639.18 per share will follow. The U.S. SEC has informed a New York court that summons and complaints have not yet been served to Gautam Adani and Sagar Adani. The case pertains to alleged violations of U.S. federal laws in a $175 million debt fund raise in 2021. Titagarh Rail Systems: BHEL received a Letter of Award from Adani Power for six thermal units of 800 MW each. The domestic order is valued at approximately Rs 6,500 crore. RVNL has emerged as the lowest bidder for a Rs 213.22 crore railway electrification project in Andhra Pradesh under South Central Railway. NTPC Green Energy, a subsidiary of NTPC, has commenced commercial operations of the final 120 MW unit of its 220 MW Shajapur Solar Project in Madhya Pradesh. TVS Holdings: TVS Holdings has been allotted 94.60 million additional equity shares in Home Credit India Finance. However, its shareholding remains unchanged at 81.04%. Gujarat Industries Power: The company has commissioned 105 MW of its 600 MW solar power project at the Renewable Energy Park in Khavda, Great Rann of Kutch. Waaree Energies: Subsidiary Waaree Solar Americas received a 540 MW solar module order from a U.S.-based utility-scale solar and energy storage project developer. Suzlon Energy: SEBI has disposed of a 2022 adjudication case involving certain transactions with Suzlon's subsidiaries, finding no regulatory violations. ITD Cementation: ITD Cementation India has secured an international marine contract valued at $67.4 million (approximately Rs 580 crore). Bharat Forge: Family dispute surfaces as Sugandha Hiremath accuses Gaurishankar Kalyani of misappropriating assets from the family's HUF (Hindu Undivided Family). Mazagon Dock Shipbuilders: The board has approved the acquisition of a controlling stake in Sri Lanka's Colombo Dockyard PLC for $52.96 million (Rs 452 crore), marking the company's overseas expansion. Asian Paints: In response to JSW Paints' acquisition of Akzo Nobel India, Asian Paints has bought the remaining 40% stake in Obgenix Software (owner of White Teak) for Rs 188 crore in cash. The U.S. Securities and Exchange Commission (SEC) has submitted a status update to a federal court in New York, outlining its continued attempts to serve legal documents to billionaire Gautam Adani and his nephew Sagar Adani. The matter pertains to a civil securities case filed last year. GAIL announced an investment of Rs 10,675 crore through the subscription of 106.75 crore equity shares in Talcher Fertilizers. The capital infusion will be made as part of a rights issue to support the fertiliser project. Bharat Heavy Electricals (BHEL) BHEL has secured a major order worth Rs 6,500 crore from Adani Power for the supply of six thermal power units, each with a capacity of 800 MW. top videos View all Hindustan Aeronautics Ltd (HAL) State-owned aerospace and defence giant HAL has recommended a final dividend of Rs 15 per equity share for the financial year 2024–25, subject to shareholder approval. tags : stocks to watch Location : New Delhi, India, India First Published: June 30, 2025, 08:10 IST News business » markets Stocks To Watch: Torrent Pharma, Tata Steel, Adani Ent, NTPC Green, HAL, GAIL, And Others
Time of India
3 days ago
- Business
- Time of India
Stocks in news: Torrent Pharma, Tata Steel, Adani Enterprises, NTPC Green, Asian Paints, HAL
Markets edged higher on Friday, extending the ongoing uptrend and ending the session with modest gains. In today's trade, shares of Torrent Pharma , Tata Steel , Adani Enterprises , NTPC Green , Asian Paints , HAL among others will be in focus due to various news developments. Torrent Pharma Torrent Pharma, the flagship company of the Torrent Group, announced on Sunday that it will buy a controlling 46.39% stake in JB Chemicals and Pharmaceuticals from global investment firm KKR. Tata Steel Tata Steel on Sunday said it has received a show-cause-cum-demand notice from the tax department over an alleged irregular use of input tax credit worth over Rs 1,000 crore for the financial years 2018-19 to 2022-23. IRCTC A proposal to transfer the management of hospital canteens to the Indian Railway Catering and Tourism Corporation (IRCTC) is being considered by Post Graduate Institute of Medical Education and Research (PGIMER) here. Live Events Mahindra Holidays Mahindra Holidays received a show cause notice and demand order of Rs 363 crore from Tamil Nadu Tax office for FY19. Alembic Pharma Alembic Pharma received US FDA approval for doxorubicin hydrochloride injection, which is used in treatment of ovarian cancer. NTPC Green NTPC Green announced the commissioning of the third and last part of the capacity, 120 MW out of the 220 MW for the Shajapur Solar Project (Unit-II). Zen Technologies Zen Technologies has received a patent for laser-based military training systems. NLC India NLC India said it has received a Letter of Award (LoA) from NTPC Ltd to develop a 450 MW interstate transmission system (ISTS)-connected wind-solar hybrid power project. Adani Enterprises The US SEC has filed a status update with a federal court in New York, detailing its ongoing efforts to serve legal documents to billionaire Gautam Adani and his nephew Sagar in connection with a civil securities case filed last year. Asian Paints Asian Paints announced that it has acquired the remaining 40% equity stake in Obgenix Software, which operates under the brand 'White Teak', for Rs 188 crore. HOEC Hindustan Oil Exploration Company (HOEC) stops production at Block B-80 Due To Adverse Weather Conditions. Prestige Estates Prestige Estates and Arihant Group signed an agreement for Velachery land; to develop a premium residential project with Gross Development Value (GDV) of over Rs 1,600 crore. GAIL India GAIL (India) said it will invest Rs 10,675 crore by subscribing to 106.75 crore equity shares of Talcher Fertilizers as part of a rights issue. BHEL BHEL received Rs 6,500 crore order for 6 thermal units of 800 MW from Adani Power. Piramal Enterprises Piramal Enterprises invested Rs 700 crore in arm Piramal Finance through rights issue. HAL State-run aerospace and defence major Hindustan Aeronautics Ltd (HAL) has recommended a final dividend of Rs 15 per equity share for the financial year 2024-25.
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Business Standard
05-06-2025
- Business
- Business Standard
NTPC Green shares climb 4% after arm inks 1000 MW PPA with UP Power Corp
NTPC Green Energy shares gained 3.5 per cent in trade on Thursday, June 5, 2025, logging a day's high at ₹111.8 per share on BSE. The stock was in demand after the company arm NTPC Renewable Energy signed a power purchase agreement (PPA) for the 1000 MW capacity in UPPCL's Solar PV Power Project. The move comes after NTPC Renewable Energy in January 2025 won 1000 MW in Uttar Pradesh Power Corporation Limited's (UPPCL's) Solar PV Power Project Auction. At 9:32 AM, NTPC Green share price was trading 1.62 per cent higher at ₹109.7 per share on the BSE. In comparison, the BSE Sensex was up 0.54 per cent at 81,434.94. The market capitalisation of the company stood at ₹92,352.57 crore. The 52-week high of the stock was at ₹155.30 per share and the 52-week low of the stock was at ₹84.6 per share. NTPC Green order On January 4, 2025, NTPC Green Energy informed that its subsidiary NTPC Renewable Energy emerged as a successful bidder in the e-reverse auction conducted by UPPCL. The tender, aimed at the "Selection of Solar Power Developers for Setting up 2000 MW ISTS-connected Solar PV Power Projects in India under Tariff-Based Competitive Bidding," conducted on January 3, 2025. NTPC REL secured a capacity of 1000 MW at an impressive tariff of ₹2.56/kWh. NTPC Green shares made a quiet debut on the stock exchanges in November 2025. The company's stock was listed at ₹111.6 apiece on the BSE, and ₹111.50 on the NSE, reflecting a premium of ₹3.33 and 3.24 per cent, respectively, over its issue price of ₹108. ALSO READ | About NTPC Green NTPC Green Energy is part of NTPC's green energy transition strategy. The company focuses on both organic and inorganic growth to achieve its target of 60 GW of renewable energy capacity by FY32. NGEL participates in competitive bidding, tenders, and Ultra Mega Renewable Energy Power Parks (UMREPP), with plans to strengthen its position in the green energy sector in India and internationally.
Business Upturn
05-06-2025
- Business
- Business Upturn
NTPC Green shares jump 3% after winning 1,000 MW solar project
By Aman Shukla Published on June 5, 2025, 09:19 IST NTPC Green Energy shares rose 3% in early trading on Thursday following the company's win of a 1,000 MW solar photovoltaic (PV) power project auction by Uttar Pradesh Power Corporation Limited (UPPCL). As of 9:18 AM, the shares were trading 2.29% higher at Rs 110.38. The company signed a Power Purchase Agreement (PPA) at a competitive tariff of ₹2.56 per kWh on June 4, signaling strong growth prospects in the renewable energy sector. NTPC Green Q4 Results In its Q4 results, NTPC Green reported impressive growth with a net profit of ₹233 crore, nearly three times the ₹81 crore posted last year. Revenue also surged 22.5% to ₹622.3 crore compared to ₹508 crore in Q4 2024. These strong numbers reflect the company's solid operational performance and growing demand for clean energy. Looking ahead, NTPC Green reaffirmed its ambitious target to expand renewable capacity to 40 GW by FY 2032, increasing its total renewable portfolio to 60 GW. The company also plans to commission 14 GW of pumped hydro storage capacity over the next six to nine years, enhancing grid stability and supporting sustainable power supply. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Mint
05-06-2025
- Business
- Mint
NTPC Green Energy share price gains over 3% on signing of 1000 MW power purchase deal
NTPC Green Energy share price in focus: Shares of NTPC Green Energy, a wholly owned subsidiary of NTPC Limited that recently debuted on Dalal Street, soared 3.8% in early trade on Thursday, June 04, to reach ₹ 112. The rally followed an exchange filing by the company on Wednesday, in which it announced that NTPC Renewable Energy, a wholly owned subsidiary of Green Energy, had signed a Power Purchase Agreement (PPA) for a 1,000 MW capacity at a discovered tariff of ₹ 2.56 per kWh. NTPC Renewable Energy had won the 1,000 MW project in the Uttar Pradesh Power Corporation Ltd. (UPPCL) solar PV power project through an e-reverse auction held on January 4. The tender was part of the 'Selection of Solar Power Developers for Setting up 2000 MW ISTS-connected Solar PV Power Projects in India under Tariff-Based Competitive Bidding.' NTPC REL secured a capacity of 1,000 MW under this process. The shares have been buzzing on Dalal Street lately, driven by multiple renewable energy order wins and a strong performance in the March quarter. On May 22, the company also announced that it had successfully emerged as the winning bidder in the e-reverse auction conducted by NHPC Limited on May 21, 2025, securing a cumulative capacity of 80 MW/320 MWh under the competitive bidding process. For the March ending quarter, the company reported a net profit of ₹ 233.21 crore, a 255% YoY jump, while its consolidated revenue from operations rose 22.4% year-on-year to ₹ 622.27 crore. For the full year, NTPC Green's net profit rose 39% to ₹ 475.5 crore in FY25, from ₹ 342.8 crore in FY24. Revenue from operations grew 12.5%, reaching ₹ 2,209.6 crore in FY25 compared to ₹ 1,962.6 crore in the previous fiscal year. The company shares over the last four months have jumped from ₹ 87 apiece to the current level of ₹ 109, resulting in a healthy gain of 25.3%. The company's shares debuted on Dalal Street on November 27 at ₹ 121.70, compared to the IPO price of ₹ 108. The stock initially maintained its upward momentum, reaching an all-time high of ₹ 155.35 apiece. At current levels, the stock is trading at a modest 10.4% discount to its listing price of ₹ 121.70 but trades near to the IPO price. Despite recent volatility, analysts remain bullish on the stock, citing NTPC Green Energy's strong fundamentals and strategic positioning in India's renewable energy sector. NTPC Green is the largest renewable energy public sector enterprise (excluding hydro) in terms of operating capacity. Its portfolio includes both solar and wind assets across more than six states, helping mitigate the risks associated with location-specific generation variability. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
