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NTPC Group inks MoUs with Government of Madhya Pradesh

25 Feb 2025 Evaluate

NTPC along with its subsidiary NTPC Green Energy (NGEL) has signed multiple MoUs with the Government of Madhya Pradesh during the Global Investors Summit, being held at Bhopal on February 24-25, 2025. It includes renewable projects based on solar, wind, pump hydro and other carbon neutral energy sources in the state of Madhya Pradesh.

The first MoU was signed between NGEL and Madhya Pradesh Power Generating Company (MPPGCL) for setting up Renewable Energy projects up to 20 GW or more in the state, at an estimated investment of Rs 1,20,000 crore. The second MOU was signed between the company & government of MP for other sustainable non-fossil fuel power plants at an estimated investment of Rs 80,000 crore. Madhya Pradesh Power Management Company (MPPMCL) has signed this MOU on behalf of the state government. 

An agreement was also signed between government of MP & the company, pertaining to an intent to invest around Rs 4,000 crore in setting up 800 MW of pumped hydro storage project in the state. 

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.

NTPC Share Price

393.65 2.85 (0.73%)
17-Apr-2026 16:59 View Price Chart
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Company Name CMP
NTPC 393.65
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