URL copied to clipboard

Trending News

NTPC to Launch Green Energy IPO by October-November, Targets 15.2 GW Thermal Orders.

NTPC plans an IPO for its green energy division by October-November, targeting new thermal orders of 15.2 GW and expanding its thermal capacity order pipeline for future growth.
NTPC to Launch Green Energy IPO by October-November, Targets 15.2 GW Thermal Orders
NTPC to Launch Green Energy IPO by October-November, Targets 15.2 GW Thermal Orders

State-run power giant NTPC is planning an IPO for its green energy division by October-November. The company aims to secure new thermal orders totaling 15.2 GW in the coming years, while increasing its thermal capacity order pipeline.

Trade Intraday, Equity and Commodity in Alice Blue and Save 33.3% Brokerage.

The proceeds from this IPO will be allocated to ongoing and future projects in solar, green hydrogen, and green ammonia, as NTPC aims to boost its renewable energy footprint. This strategy underscores the company’s commitment to sustainable energy solutions.

NTPC has outlined a clear strategy to unlock value in its renewable energy business. The company has been progressing towards tapping the primary market, with funds raised intended to support its ambitious green energy projects.

With a projected issue size of Rs 10,000 crore, NTPC Green’s IPO is set to be the largest initial public offering by a public sector enterprise since Life Insurance Corporation’s Rs 21,000 crore IPO in May 2022. This substantial offering highlights the growing focus on renewable energy.

By pursuing this IPO, NTPC aims to attract significant investment for its green initiatives, supporting the expansion and development of sustainable energy projects. This move aligns with the global shift towards greener energy sources and reinforces NTPC’s leadership in the sector.

Loading
Read More News