NTPC announced that the company participated in the 550 MW tender floated by Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) for grid-connected Solar projects.

In the Reverse Auction held on December 03, 2018, NTPC has participated for 85 MW Solar capacities and has won the entire capacity bid by it, at a levelised tariff of Rs.3.02/unit, applicable for 25 years.

The above 85 MW of solar projects shall be set up by NTPC and shall add to the installed capacity of NTPC.

Shares of the company declined Rs 2.25, or 1.57%, to trade at Rs 140.80. The total volume of shares traded was 254,087 at the BSE (12.59 p.m., Wednesday).