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NTPC Green Energy IPO: Renewable Energy Company Targets ₹10,000 Crore with Fresh Equity Issue

NTPC Green Energy IPO: The renewable energy company filed draft papers with SEBI to raise ₹10,000 crore through fresh issue of equity shares, with no offer-for-sale (OFS) component included.
NTPC Green Energy IPO: Renewable Energy Company Targets ₹10,000 Crore with Fresh Equity Issue

NTPC Green Energy, a renewable energy arm of NTPC, filed draft papers with SEBI to raise ₹10,000 crore through an IPO. This public issue will consist solely of fresh equity shares with no offer-for-sale (OFS) component, as detailed in the draft red herring prospectus.

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The renewable energy company plans to allocate ₹7,500 crore from the IPO proceeds to repay the debt of its subsidiary, NTPC Renewable Energy Ltd (NREL). A portion of the funds will also be used for general corporate purposes, strengthening the company’s financial position.

Also Read: Best Renewable Energy Stocks in India 2024

NTPC Green Energy, a ‘Maharatna’ public sector enterprise, operates wind and solar power assets across six states. As of August 2024, the company had an operational capacity of 3,071 MW from solar and 100 MW from wind projects, contributing significantly to India’s renewable energy sector.

NTPC aims to expand its renewable energy capacity to 60 gigawatts by 2032. Currently, the company has 3.5 gigawatts of installed capacity, with more than 28 gigawatts of projects in development, positioning itself as a key player in India’s clean energy transition.

India’s renewable energy capacity surged from 63 GW in FY21 to 123 GW, and by March 2024, it reached 191 GW, including large hydro projects. The country ranks fourth globally in renewable energy capacity, according to a Crisil report referenced in the IPO filing.

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