Govt considers listing PSU green energy arms, says Dipam secretary
POWER & RENEWABLE ENERGY

Govt considers listing PSU green energy arms, says Dipam secretary

Tuhin Kanta Pandey, the Secretary of the Department of Investment and Public Asset Management (Dipam), mentioned on Friday that the Central Government is considering the potential listing of subsidiaries of specific public energy companies.

Pandey stated that there was ample opportunity for the subsidiary units of some significant companies to enter the market. He observed a rapid transition occurring in the energy sector, with energy companies creating subsidiaries for green assets. According to Pandey, these subsidiaries exhibit tremendous growth prospects and are expanding rapidly. He expressed that such developments are expected to materialize.

Moreover, he mentioned that some of the monetisation activities could be executed through the capital market, specifically through initial public offerings (IPOs).

Pandey emphasised the importance of listings in deepening the market, highlighting that listed companies outperform their unlisted counterparts. Regarding the divestment of public sector companies, he emphasised the need for the dilution of stocks in the market to adhere to principles consistent with market dynamics. He cautioned against creating a price overhang or selling at undervalued prices.

Pandey shared these insights during his address at the capital market summit organized by the industry body Assocham.

Tuhin Kanta Pandey, the Secretary of the Department of Investment and Public Asset Management (Dipam), mentioned on Friday that the Central Government is considering the potential listing of subsidiaries of specific public energy companies. Pandey stated that there was ample opportunity for the subsidiary units of some significant companies to enter the market. He observed a rapid transition occurring in the energy sector, with energy companies creating subsidiaries for green assets. According to Pandey, these subsidiaries exhibit tremendous growth prospects and are expanding rapidly. He expressed that such developments are expected to materialize. Moreover, he mentioned that some of the monetisation activities could be executed through the capital market, specifically through initial public offerings (IPOs). Pandey emphasised the importance of listings in deepening the market, highlighting that listed companies outperform their unlisted counterparts. Regarding the divestment of public sector companies, he emphasised the need for the dilution of stocks in the market to adhere to principles consistent with market dynamics. He cautioned against creating a price overhang or selling at undervalued prices. Pandey shared these insights during his address at the capital market summit organized by the industry body Assocham.

Next Story
Infrastructure Energy

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Next Story
Infrastructure Energy

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

Next Story
Infrastructure Energy

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?