NLC India plans to raise funds for renewable energy expansion via IPO of its subsidiary, NLC India Renewables, by Q1 next financial year.
NLC India Ltd plans to raise funds for clean energy expansion through an IPO of its wholly-owned subsidiary, NLC India Renewables Ltd, by Q1 of the next financial year, according to Chairman and Managing Director Prasanna Kumar Motupalli. The PSU aims to increase its renewable energy capacity from 1.4 GW to 6 GW by 2030, using IPO funds and soft loans from foreign entities. Assets transfer for the IPO is pending Government of India approval.
July 21, 2024
3 Articles