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NTPC Green Energy Limited ( (IN:NTPCGREEN) ) has shared an update.
NTPC Green Energy Limited (NGEL) has signed a Memorandum of Understanding (MoU) with V.O. Chidambaranar Port Authority (VOCPA) to advance green energy technologies at the port, particularly focusing on a green hydrogen mobility scheme. This initiative includes setting up a green hydrogen fueling station and deploying hydrogen-based trucks, which will help phase out fossil fuel trucks, promoting decarbonization and energy security. This collaboration is part of NGEL’s broader strategy to enhance its renewable energy footprint and aligns with its ongoing projects in various regions across India.
More about NTPC Green Energy Limited
NTPC Green Energy Limited (NGEL) is a subsidiary of NTPC Limited, operating in the renewable energy sector. The company focuses on green energy technologies, including green hydrogen, and aims to expand its renewable energy capacity to 60 GW by 2032. NGEL is involved in various green hydrogen projects across India, such as in Surat, Leh, Greater Noida, Bhubaneshwar, and Kandla Port.
Average Trading Volume: 566,020
Technical Sentiment Signal: Strong Sell
Current Market Cap: 872.5B INR
See more insights into NTPCGREEN stock on TipRanks’ Stock Analysis page.