Shares of NTPC Green Energy Ltd are trading flat after touching a day’s high of Rs 105.95 on 8th September, despite the firm announcing that it has signed a Memorandum of Understanding (MoU) with V.O. Chidambaranar Port Authority (VOCPA) in Tuticorin, Tamil Nadu. The MoU aims to advance green energy technologies at VOC Port, particularly the green hydrogen mobility scheme.

As part of the MoU, NTPC Green Energy Ltd (NGEL) will set up a green hydrogen fuelling station at VOC Port in Tuticorin and deploy hydrogen-powered trucks for port operations. This move is aimed at replacing fossil fuel trucks with cleaner alternatives, supporting decarbonisation and energy security.

NTPC already runs a green hydrogen blending project in Surat, Gujarat, and has launched similar mobility initiatives in Leh, Greater Noida, Bhubaneswar, and Kandla Port.

The company is also developing a green hydrogen hub in Visakhapatnam, Andhra Pradesh, and has set a target of 60 GW renewable energy capacity by 2032, backed by energy storage solutions.

At 1:11 PM, the shares of NTPC Green were trading 0.86% lower at Rs 103.16 on NSE.

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