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

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,

Mohan Yadav informed that GIS witnessed over 600 business-to-business (B2B) and nearly 5,000 business-to-consumer (B2C) dialogues in two days

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.

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.

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.

Madhya Pradesh has secured a record Rs 30.77 lakh crore in investment commitments at its two-day investor summit, with major players like Adani, Reliance and NTPC making significant pledges.

A deal was signed to set up a solar project. Solar Energy Corporation of India Limited (SECI) has committed a phase-wise capital expenditure of INR 2,500 crore to expand Madhya Pradesh’s renewable energy capacity.