New Delhi, October 6, 2024 – NTPC Green Energy Limited, a subsidiary of NTPC Limited, has announced its upcoming initial public offering (IPO) aimed at raising funds to bolster its renewable energy initiatives. This move reflects the company’s commitment to expanding its clean energy portfolio and supporting India’s transition towards sustainable energy sources.
The IPO, slated to open on October 20, 2024, will offer investors a chance to participate in the growth of one of the country’s leading green energy providers. NTPC Green Energy plans to issue approximately 100 million shares at a price band yet to be disclosed, with a portion of the proceeds earmarked for funding solar and wind energy projects across the nation.
NTPC Green Energy has rapidly increased its renewable capacity, targeting a 20 GW renewable energy portfolio by 2030. The company aims to contribute significantly to India’s goal of achieving 500 GW of non-fossil fuel capacity by 2030, in line with the country’s climate commitments.
Analysts expect strong demand for the IPO, given the rising investor interest in green technologies and sustainable investments. “NTPC Green Energy’s IPO comes at a crucial time as the world shifts focus to renewable energy. This is a great opportunity for investors looking to support environmentally friendly initiatives,” said a market analyst.
As the IPO approaches, NTPC Green Energy will conduct roadshows to engage potential investors and showcase its growth strategy. The company is also expected to release its financials and future projections, which will be closely watched by market participants.