IPO to unlock value for NTPC shareholders: Gurdeep Singh
NTPC is the first central public sector enterprise (CPSE) to list its subsidiary, NTPC Green Energy, on the stock exchanges, says Gurdeep Singh.
NTPC is the first central public sector enterprise (CPSE) to list its subsidiary, NTPC Green Energy, on the stock exchanges, says Gurdeep Singh.
The ₹10,000-crore capital raised from fresh equities will be “predominantly used” for capacity additions, says Jaikumar Srinivasan, Director Finance, NTPC & NTPC Green Energy.
NTPC Green currently has a 3,300 MW capacity and aims to achieve 6,000 MW by March next year, says Gurdeep Singh, chairman and managing director.
In an interaction with Fortune India, Gurdeep Singh discussed NTPC Green Energy’s future strategies, expansion plans, and renewable vision.
Ahead of opening of the IPO, NTPC Green Energy raised ₹3,960 crore from anchor investors at ₹108 apiece.
NTPC Green Energy will be the biggest IPO by a PSU since Life Insurance Corporation's ₹21,000-crore share sale in May 2022.
The renewable energy arm of NTPC is expected to announce the price band for the IPO on November 13.
From Tata Motors and NTPC to HDFC Bank, Hero MotoCorp, and JSW group, top parent companies plan to list their subsidiaries in the near term.
The renewable energy arm of NTPC had filed its IPO papers with the SEBI on September 18, 2024.
NTPC Green Energy has filed DRHP with the SEBI to raise ₹10,000 crore via IPO, which is touted to be India’s largest in 2024.