NTPC Green Energy Files Rs.100 Billion IPO

23 Sep 2024 CW Team

NTPC Green Energy, a subsidiary of NTPC, has submitted a draft red herring prospectus (DRHP) to raise Rs.100 billion ($1.19 billion) through an Initial Public Offering (IPO). This offering will consist of a fresh issue of up to 10,000 equity shares with a face value of Rs.10 ($0.119) each, and there will be no offer for sale included in this IPO. Notably, existing shareholders of NTPC will have access to a quota of up to 10% of the issue.

The net proceeds from the IPO are earmarked for NTPC Renewable Energy (NREL) to repay or prepay certain outstanding borrowings totaling Rs.75 billion ($895.78 million). The remaining Rs.25 billion ($298.59 million) will be allocated for general corporate purposes, which may include strategic initiatives, partnerships, joint ventures, acquisitions, and capital expenditure.

As of July 31, 2024, NREL reported outstanding borrowings of Rs.162.35 billion (~$1.93 billion) from various term loans and working capital facilities. The company operates solar and wind projects across more than six Indian states, boasting a combined capacity of 3,071 MW for solar and 100 MW for wind projects as of August 31, 2024.

In the first quarter of FY 2025, NTPC Green Energy generated ?5.58 billion (~$66.64 million) from renewable energy sales, primarily from solar initiatives. Recently, NTPC Green Energy issued a tender to sell 100,000 carbon credits associated with its 610 MW capacity projects.

Additionally, the Suzlon Group secured a significant order from NTPC Green Energy to install 1,166 MW worth of wind turbine generators, enhancing the company’s renewable portfolio and operational capacity.

Equipment

11 Dec 2025

Caterpillar Debuts Three New Cat Excavators at EXCON 2025

Caterpillar Inc., a global leader in construction and mining machinery, strengthened its commitment to India’s infrastructure growth with the debut of three new Cat® hydraulic excavators at EXCON 2025, held from December 9–13 at the Bangalore International Exhibition Centre. The new models—Cat 321, Cat 322 and Cat 324—mark a significant step forward in delivering efficient, digital-ready equipment tailored for India’s evolving construction needs.Designed to support sustainability and productivity on modern jobsites, the machines feature advanced powertrains and intelligent electrohy..

JK Tyre Expands OTR Lineup with Four New Launches at EXCON 2025

JK Tyre & Industries, one of India’s leading tyre manufacturers, introduced four new Off-the-Road (OTR) tyres at the 13th edition of CII EXCON 2025, South Asia’s largest construction equipment exhibition, underway at the Bangalore International Exhibition Centre. The latest additions strengthen the company’s OTR portfolio and reaffirm its focus on delivering advanced mobility solutions for construction, mining and industrial operations.The new tyres were unveiled by R Mukhopadhyay, Director (R&D), JK Tyre. Among the highlights was the debut of the SKY GRIP, a specialised tyre des..

ACE, Sanghvi Movers Ink MOU to Boost India-Made Heavy Crane Adoption

Action Construction Equipment (ACE), the world’s largest pick-and-carry crane manufacturer and a leading Indian construction equipment maker, has entered into a strategic Memorandum of Understanding with Sanghvi Movers, Asia’s largest and the world’s fifth-largest crane rental company. The partnership aims to accelerate the deployment of indigenously manufactured heavy slew cranes, particularly truck cranes and crawler cranes, across large-scale infrastructure and industrial projects in India.The alliance aligns strongly with the Government of India’s “Aatmanirbhar Bharat” and “M..