NTPC Green Energy secures INR 10,000 crore IPO approval for investments, debt repayment, and general needs.

NTPC Green Energy Ltd, a subsidiary of NTPC Ltd, has secured approval from India's Securities and Exchange Board (SEBI) for a ₹10,000 crore initial public offering (IPO). This fresh equity share issuance aims to fund investments in NTPC Renewable Energy Ltd, repay debts, and cover general corporate needs. The company boasts a renewable energy portfolio of 14,696 MWs and has reported significant revenue growth, with a CAGR of 46.82% from fiscal 2022 to 2024.

October 28, 2024
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