NTPC Green Energy's share price saw an increase as it traded higher following the signing of a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar. The MoU aims to pave the way for investments in Bihar for the establishment of renewable energy projects. These projects include ground-mounted and floating solar installations, battery energy storage systems, and green hydrogen mobility initiatives. The Government of Bihar will play a crucial role in facilitating necessary permissions, registrations, approvals, and clearances to support these projects. Additionally, the company recently began the commercial operation of a 30 MW solar project in Gujarat and secured 500 MW solar power capacity in an auction by the Solar Energy Corporation of India (SECI). NTPC Green Energy is also required to set up an Energy Storage System (ESS) along with the solar capacity as part of the auction requirements. The company's stock price surged after the MoU signing, reflecting positive market sentiment towards its renewable energy endeavors. As a 'Maharatna' central public sector enterprise, NTPC Green Energy focuses on expanding its renewable energy portfolio that includes solar and wind power assets.