India's NTPC plans to invest more than $23 billion on renewable energy in Madhya Pradesh
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 24 2025
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Source: Reuters
NTPC's Investment in Renewable Energy: Indian state power company NTPC plans to invest over 2 trillion rupees ($23.07 billion) in renewable energy projects in Madhya Pradesh, focusing on solar, wind, and hydroelectric sources as part of India's transition away from fossil fuels.
Adani Group's Concurrent Investments: The Adani Group announced investments of 1.1 trillion rupees in various sectors including hydroelectric power storage and is negotiating an additional 1 trillion rupees for infrastructure projects like a smart city and airport in the same state.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
