New Delhi, Feb. 21 -- Shares of NTPC Green Energy, a wholly owned subsidiary of NTPC Limited that recently debuted on Dalal Street, surged 2.2% in early morning trade on February 21, reaching Rs.108.40 apiece. This rally came after the company signed a Memorandum of Understanding (MoU) with Bharat Light and Power Private Limited (BLP) to accelerate green energy objectives and support the Government of India's efforts toward a carbon-neutral economy.

"The MoU aims to jointly explore the off-take of green hydrogen and its derivatives from NGEL and its affiliates to third parties. Opportunities for selling captured carbon or biogenic carbon from NGEL will also be in scope. NGEL, either directly or through its affiliates, shall set up the ne...