Indian state power company NTPC will invest more than 2 trillion rupees ($23.07 billion) on renewable energy projects in the central state of Madhya Pradesh, the company said on Monday.

S hares of NTPC Ltd are in news today after the state-owned power producer it has inked multiple MoUs with the Madhya Pradesh government during the Global Investors Summit, being

The company has signed multiple memoranda of understanding with the Madhya Pradesh government to support sustainable energy initiatives.

Madhya Pradesh signed initial agreements with investors promising to pour in a record Rs 30.77 lakh crore in sectors like clean energy as the state pivots path from a laggard to an investment hotspot.

State-owned NTPC signs MoUs worth Rs 2 lakh crore for renewable energy projects in Madhya Pradesh, focusing on solar, wind, pumped hydro storage, and other non-fossil fuel options. The agreements, signed during the Global Investors Summit,

Major companies commit to investing in Madhya Pradesh at Global Investors Summit, with MoUs worth over ₹3 lakh crore.

Madhya Pradesh has received investment commitments for a record Rs 30.77 lakh crore at the end of its two-day investor summit, chief minister Mohan Yadav said on Tuesday at the 8th edition of Invest Madhya Pradesh Summit.

Shares of NTPC Green Energy surged by 4.6% following multiple MoUs signed with the Madhya Pradesh government during the Global Investors Summit to develop renewable energy projects. Despite this, NTPC shares dipped almost 1%.

Madhya Pradesh has secured a record Rs 30.77 lakh crore investment across sectors like clean energy, creating 21.4 lakh jobs. The state aims to become an investment hotspot, with Adani, Reliance, and NTPC among major investors.

The collaboration aligns with Madhya Pradesh’s long-term vision of leveraging its natural resources for sustainable development.