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.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..