NTPC Green Energy Q3 Profit Rises 18% to ₹66 Crore
NTPC Green Energy Ltd (NGEL) has reported an 18% increase in its consolidated net profit, reaching ₹65.61 crore for the December quarter of FY25. This growth is attributed to higher income during the period. In the same quarter of the previous year, the company had recorded a net profit of ₹55.61 crore.
The company's total income also saw a significant rise, increasing to ₹581.46 crore from ₹463.46 crore. Simultaneously, expenses rose to ₹482.22 crore compared to ₹383.28 crore in the corresponding quarter of the previous fiscal year.
About NTPC Green Energy Ltd
NGEL, which was recently listed, serves as the umbrella company for the green business initiatives of NTPC. The company undertakes projects through both organic and inorganic routes, focusing on renewable energy development.
Recent Project Win
On Friday, January 24, 2025, NGEL announced that its subsidiary, NTPC Renewable Energy Limited (NTPC REL), had successfully secured a 300 megawatt (MW) solar project from NHPC through an e-reverse auction conducted by NHPC. This win further strengthens NGEL's position in the renewable energy sector.
Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.
0 comments:
Post a Comment