+
NTPC Green Energy gets Sebi nod for Rs 100 Bn IPO
POWER & RENEWABLE ENERGY

NTPC Green Energy gets Sebi nod for Rs 100 Bn IPO

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.

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.

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?