NTPC planning To Launch an IPO of Its Green Energy Business By The End of 2024

NTPC Limited, formerly known as National Thermal Power Corporation, is an Indian central Public Sector Undertaking (PSU) under the ownership of the Ministry of Power and the Government of India, which is engaged in the generation of electricity and other activities. The Government of India now holds 51.1% of the equity shares of the company.

NTPC To Launch NTPC Green IPO

NTPC, The leading public sector undertaking (PSU) company, has displayed a clearer strategy for unlocking value in its renewable energy business. During a recent conference call with the analysts, NTPC announced its plans to list the company NTPC Green by October-November of this year. The funds raised from this IPO, projected to be around Rs. 10,000 crore, are going to be used for ongoing and future projects, including solar energy, green hydrogen, and green ammonia initiatives. This IPO is set to be the largest initial public offering by a public sector company since the Life Insurance Corporation’s Rs 21,000 crore IPO in May 2022. NTPC’s strategic move highlights its commitment to expanding its business in the renewable energy sector.

About NTPC Green

NTPC Green is the renewable energy arm of NTPC, focusing on sustainable and eco-friendly energy solutions. This subsidiary plays an important role in NTPC’s strategy to expand its renewable energy portfolio, emphasizing solar energy, green hydrogen, and green ammonia. NTPC Green aims to drive the company’s commitment to environmental sustainability by developing and managing large-scale renewable energy projects. 

NTPC Green Energy Limited (NGEL) and Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) have recently signed a Memorandum of Understanding (MoU) to develop renewable energy projects up to 10 GW in the state of Maharashtra.

Conclusion

NTPC Green plays a significant part in NTPC’s role in renewable energy and sustainability. By focusing on innovative projects in solar energy, green hydrogen, and green ammonia, NTPC Green aims to reduce carbon emissions and promote eco-friendly energy solutions. The anticipated Rs 10,000 crore IPO will not only boost the company’s financial capability to undertake these green initiatives but also highlight NTPC’s dedication to playing a pivotal role in India’s transition to a sustainable energy future. The stock of NTPC Ltd. currently trades at Rs.370 a piece.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.