NTPC Green Energy Shares Surge 5% After Securing 500 MW Solar Project

India’s renewable energy sector has been in the spotlight, with two leading companies—NTPC Green Energy and Waaree Energies—capturing significant attention for their stock market movements and operational advancements. This article examines their stock performances, recent contracts, and growth trajectories.

NTPC Green Energy’s shares saw a notable rise on Wednesday, with a more than 5 per cent increase in intraday trading. This uptick followed the company’s acquisition of a 500 MW solar power project awarded by the Solar Energy Corporation of India (SECI). The company’s stock debuted on November 27 and has maintained steady performance since then.

During its initial public offering (IPO), NTPC Green Energy raised Rs 10,000 crore through the issuance of 92.59 crore equity shares. Priced within a band of Rs 102–Rs 108 per share, the IPO was oversubscribed by 2.42 times. The stock opened at Rs 111.60 on its debut, delivering a 3.33 per cent premium over the issue price.

As of now, NTPC Green Energy’s shares are priced at Rs 154.30, giving it a market capitalisation of Rs 1.26 lakh crore. The company’s price-to-earnings (P/E) ratio stands at 400.98. Over the last year, the stock’s price has ranged between Rs 111.50 and Rs 155.35.

NTPC Green Energy’s portfolio continues to expand with significant orders. Recently, it secured a 500 MW solar project with a tariff of Rs 3.52 per kWh. Additionally, the company is planning to develop a 250 MW/1000 MWh Energy Storage System (ESS), enhancing its capabilities in renewable energy storage. While awaiting SECI’s Letter of Award (LOA), the market remains optimistic about its growth potential.

Waaree Energies has also exhibited strong stock performance. After listing on October 28, the company’s shares debuted with a significant premium, opening at Rs 2,500 on the NSE and Rs 2,550 on the BSE. On December 10, its shares surged 5.6 per cent to reach Rs 3,139, following the announcement of a 1 GW solar module supply order.

Waaree’s current market capitalisation stands at Rs 90,930 crore. The stock’s price has fluctuated between a 52-week high of Rs 3,743 and a low of Rs 2,300, reflecting investor confidence in the company’s strategic direction.

The company’s recent 1 GW solar module supply order underscores its growing presence in the renewable energy market. This deal was secured with a leading developer of solar energy projects in India, reinforcing Waaree’s reputation as a reliable supplier.

NTPC Green Energy is leveraging its extensive expertise and state support to implement large-scale solar projects and develop advanced energy storage systems. This positions the company as a significant contributor to India’s renewable energy transition. Meanwhile, Waaree Energies’ focus on scaling its solar module production and securing high-value contracts enhances its role in the solar supply chain.