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NTPC Green Energy Limited (NGEL) is aiming to achieve a capacity of 60 gigawatts by 2032, focusing on large-scale solar and wind projects. The company, a subsidiary of NTPC, recently launched an IPO, with NTPC remaining the majority shareholder. NGEL emphasizes solar energy due to its predictability and integration capabilities with storage solutions.
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Market analyst Deven Choksey expresses strong optimism for India's renewable energy sector, particularly solar and wind power generation. While bullish on EPC and distribution prospects, he advises caution regarding the high valuations of renewable energy companies. Choksey also favors the insurance sector, particularly LIC, citing its strong financials and distribution network.
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Suzlon Energy shares hit a 5% upper circuit after Morgan Stanley upgraded the stock, citing strong business prospects and a 5.1GW order backlog. Q2 FY25 profit surged 96%.
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