NTPC Green Energy rises after inking MoU with Nxtra Data
NTPC Green Energy (NGEL) rose 1.21% to Rs 96.93 after the company signed a memorandum of understanding with Nxtra Data to explore the development of renewable energy projects.
The MoU aims to explore business opportunities for supplying round-the-clock (RTC) renewable energy to Nxtras data centers across India for captive consumption.NTPC Green Energy (NGEL) is a renewable energy company that focuses on undertaking projects through organic and inorganic routes.
The companys consolidated net profit declined by 73.6% to Rs 17.32 crore, despite a 29.3% increase in revenue to Rs 653.29 crore in Q3 FY26 compared to Q3 FY25.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content