Green Energy IPOs on the Horizon: NTPC, ONGC, and SJVN Set to Boost India's Renewable PushGreen Energy IPOs on the Horizon: NTPC, ONGC, and SJVN Set to Boost India's Renewable Push

Upcoming IPOs: State-run companies NTPC, ONGC, and SJVN are gearing up to launch IPOs for their green energy subsidiaries, aligning with India’s push towards renewable energy. These offerings aim to capitalise on the country’s commitment to enhance sustainable energy investments amid rising energy security concerns.

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Upcoming IPOs in the green energy sector

ONGC Green Energy IPO : 

ONGC Green Energy, set to launch an IPO, is focusing on innovative renewable energy projects including biofuels, green hydrogen, and carbon capture initiatives. With a recent funding boost of ₹99 crore and another ₹1,100 crore pending approval, it’s gearing up for significant expansion to meet its renewable energy goals.

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NTPC Green Energy IPO : 

NTPC Green Energy has filed with SEBI for an IPO to raise ₹10,000 crore, marking a significant step in NTPC’s strategy to expand its renewable operations. The company aims to develop a 60-GW renewable portfolio by 2034, with a focus on solar, green hydrogen, and green ammonia projects.

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SJVN Green Energy IPO : 

SJVN is preparing for the IPO of its subsidiary, SJVN Green Energy Ltd., to support ambitious growth targets. The IPO will help fund the development of 25,000 MW of renewable energy capacity by 2030, starting with large-scale solar and green ammonia projects in collaboration with Greenko Group and other strategic partnerships.

These green energy IPOs reflect a broader trend in India’s energy sector, focusing on long-term sustainability and compliance with global climate targets. The successful execution of these public offerings could set a precedent for future green initiatives in the public sector.