NTPC receives 13 bids for minority stake sale in Green Energy arm
POWER & RENEWABLE ENERGY

NTPC receives 13 bids for minority stake sale in Green Energy arm

A dozen corporations, primarily global asset managers and financiers, have expressed interest in acquiring a share in NTPC's green energy division. The thermal power business intends to sell a minority stake in order to raise up to Rs 20 billion.

Canada Pension Plan Investment Board (CPPIB), Brookfield, Abu Dhabi's TAQA, and National Investment and Infrastructure Fund are among those who have filed proposals (NIIF). Petronas, Malaysia's oil and gas firm, and ArcelorMittal, the world's largest steelmaker, have both made bids for the project.

According to senior officials, NTPC has quadrupled its target for non-fossil fuel based power to 130 GW by 2032 at a projected cost of $30 billion.

Also Read
Konkan Railway invites bids for solar power project
ABB Smart Power expands, upgrades Bengaluru factory


A dozen corporations, primarily global asset managers and financiers, have expressed interest in acquiring a share in NTPC's green energy division. The thermal power business intends to sell a minority stake in order to raise up to Rs 20 billion. Canada Pension Plan Investment Board (CPPIB), Brookfield, Abu Dhabi's TAQA, and National Investment and Infrastructure Fund are among those who have filed proposals (NIIF). Petronas, Malaysia's oil and gas firm, and ArcelorMittal, the world's largest steelmaker, have both made bids for the project. According to senior officials, NTPC has quadrupled its target for non-fossil fuel based power to 130 GW by 2032 at a projected cost of $30 billion. Also Read Konkan Railway invites bids for solar power projectABB Smart Power expands, upgrades Bengaluru factory

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?