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NTPC’s arm inks pact with HPCL Mittal Energy

22 May 2023 Evaluate

NTPC’s wholly owned subsidiary -- NTPC Green Energy (NGEL) has signed an agreement with HPCL Mittal Energy to collaborate in renewable energy and generation of green hydrogen. A Memorandum of Understanding (MoU) signed between NTPC Green Energy (NGEL) and HPCL Mittal Energy (HMEL) on May 19, 2023.

The two companies envisage to collaborate in the field of Renewable Energy (RE) through sourcing of 250 MW RE-RTC (Round-The-Clock) power to meet the requirement of HPCL Mittal Energy, and also exploring opportunities in the green hydrogen business & its derivatives (Green Ammonia & Green Methanol). 

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
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