NTPC Green Energy Files for Massive ₹10,000 Crore IPO to Boost Solar & Wind Projects – Backed by HDFC, IDBI, and IIFL
NTPC Green Energy, a subsidiary of NTPC, has filed papers with the Securities & Exchange Board of India (SEBI) for an ₹10,000 crore initial public offering (IPO). The entire offer will be a fresh issue of shares.
NTPC Green Energy, owned entirely by NTPC, is the largest public sector company focused on renewable energy (excluding hydroelectric projects) based on its current operating capacity and the amount of power it generates. The company has a mix of solar and wind power projects, spread across more than six states. As of August 31, NTPC Green Energy had 3,071 MW of solar power and 100 MW of wind power in operation.
The company plans to use ₹7,500 crore from the IPO to pay off the debt of its subsidiary, NTPC Renewable Energy (NREL). The remaining funds will be used for general corporate purposes.
The IPO will be managed by IDBI Capital Markets, HDFC Bank, IIFL Securities, and Nuvama Wealth Management.
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