MoneyWorks4Me

NTPC’s arm signs MoU with HPCL

04 Jan 2023 Evaluate

NTPC’s wholly owned subsidiary--NTPC Green Energy (NGEL) has signed a non-binding Memorandum of Understanding (MoU) with Hindustan Petroleum Corporation (HPCL) on January 3, 2023 in New Delhi for Development of Renewable Energy based Power Projects to tap Business opportunities in RE and supply of 400 MW round the clock renewable power for requirements of HPCL.

This MoU marks the first step for NGEL and HPCL to collaborate and cooperate in the field of development of Renewable Energy projects which shall help HPCL in meeting its Clean Energy Commitments.

NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.


Peers
Company Name CMP
NTPC 316.70
Tata Power 350.00
Adani Power 196.95
Power Grid Corpn. 254.65
Adani Energy Solut. 1325.50
View more..