NTPC Green Energy Limited has informed the Exchange regarding a press release dated May 22, 2025, titled "NTPC Green Energy Limited Wins 80MW/320MWh Battery Energy Storage Project in Kerala".

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Price reactionminutes from the announcement price · days from the prior close

+4.4%Reaction day

₹107.30

prior close

₹112.15

announcement price

In-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.4%+4.8% vs market

Power Generation peers, median of 25sector-0.7%+5.1% vs sector

On the reaction day the stock moved 4.8 pts more than Nifty Midcap 150 and 5.1 pts more than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

+4.4-0.4+4.8-0.7+5.1

Next day

+3.4+0.2+3.2+0.2+3.3

+4.7+0.8+3.9+0.1+4.6

+5.9+1.0+4.9-0.2+6.1

+8.6+1.0+7.5+0.6+8.0

+5.2+1.6+3.6+1.0+4.2

+2.1+2.0+0.1+1.1+0.9

15d

+1.4+3.3-1.9+2.5-1.1

+1.0+2.6-1.6+0.4+0.5

+0.9+5.1-4.2+6.4-5.5

-3.7+2.9-6.6-1.8-1.9

UpDownMarket · Nifty Midcap 150Sector · Power Generation peers, median of 25Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NTPC Green Energy Limited (NGEL), a subsidiary of NTPC, has won a Battery Energy Storage System (BESS) project in Kerala through an e-reverse auction conducted by NHPC Limited on May 21, 2025. NGEL secured a cumulative capacity of 80MW/320MWh out of the 125MW/500MWh tender, split into two projects: 40MW/160MWh at Pothencode Substation (tariff: Rs 4,57,000/MW/month) and 40MW/160MWh at Sreekantapuram Substation (tariff: Rs 4,34,000/MW/month). The project falls under Tariff-Based Competitive Bidding (TBCB) with Viability Gap Funding (VGF) support from the government. The Letter of Award from NHPC is still awaited.

Likely market impact

This is a positive development for NGEL as it strengthens its position in the energy storage segment and contributes meaningfully to its order book. The VGF-backed nature reduces execution risk, though the stock reaction may be muted until the formal Letter of Award is received.