NTPC Green Energy's wholly owned subsidiary, NTPC Renewable Energy (NTPC REL), has emerged successful in securing a 1000 MW solar power project in an e-reverse auction conducted by Uttar Pradesh Power Corporation Limited (UPPCL) in India. The arm of NTPC Green Energy achieved this at a competitive tariff of Rs 2.56/kWh. The Letter of Award (LOA) from UPPCL is awaited following the bidding process. Additionally, the company signed a Memorandum of Understanding with the Department of Industries, Government of Bihar to establish renewable energy projects, including solar installations, battery energy storage systems, and initiatives related to green hydrogen mobility. NTPC Green Energy's stock was listed at Rs 111.50 per share on the NSE, indicating a premium of 3.24 percent over the IPO price of Rs 108 per share. As a 'Maharatna' central public sector enterprise, NTPC Green Energy boasts a significant renewable energy portfolio that includes solar and wind power assets. Investors are advised to seek guidance from certified experts before making any investment decisions.