NTPC Green Energy gets Sebi nod for Rs 100 Bn IPO

29 Oct 2024 CW Team

NTPC Green Energy, a wholly-owned subsidiary of NTPC, announced on Monday that it has received final clearance from the Securities and Exchange Board of India (SEBI) to raise Rs 100 billion through an initial public offering (IPO). The company had submitted its IPO application to SEBI on 18 September 2024.

According to an official press release, the IPO, with a face value of Rs 10 per equity share, will consist entirely of a fresh issue of equity shares. The offer includes a reserved portion for eligible employees, who will receive a discount if they subscribe within the employee reservation segment.

The company further noted that Rs 75 billion from the IPO proceeds will be allocated to its subsidiary, NTPC Renewable Energy (NREL), to repay or prepay certain outstanding borrowings, either fully or partially, as well as for general corporate purposes.

As of 30 June 2024, NTPC Green’s portfolio included a total capacity of 14,696 MW, comprising 2,925 MW from operating projects and 11,771 MW from contracted and awarded projects. It also has an additional 10,975 MW of capacity in development, bringing its total pipeline to 25,671 MW.

For the three months ending 30 June 2024, the company reported revenue from operations of Rs 5.78 billion and a profit after tax of Rs 1.38 billion on a restated basis.

IDBI Capital Markets & Securities, HDFC Bank, IIFL Securities, and Nuvama Wealth Management are the lead managers for the IPO, with KFin Technologies serving as the registrar.

Technology

28 Oct 2025

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..