"NTPC Green Energy Secures SEBI Approval for ₹10,000 Crore IPO"
NTPC Green Energy, a fully owned subsidiary of NTPC, has received final approval from the Securities and Exchange Board of India (SEBI) to proceed with an initial public offering (IPO) aimed at raising ₹10,000 crore. The company submitted its IPO application to SEBI on September 18, 2024. According to a CRISIL report cited in its draft red herring prospectus (DRHP), NTPC Green Energy, backed by NTPC Ltd, is recognized as the largest public sector player in renewable energy (excluding hydro) in terms of operational capacity and power generation for Fiscal 2024. As of June 30, 2024, NTPC Green Energy was collaborating with 15 offtakers on 37 solar and 9 wind projects. The company is also in the process of constructing 31 renewable energy projects across 7 states, with a total capacity of 11,771 MW contracted and awarded. Additionally, it operated 2,925 MW through 14 solar and 2 wind projects. NTPC Green Energy IPO Overview The NTPC Green Energy IPO features a face value...