Fri Nov 15 05:20:00 UTC 2024: ## NTPC Green Energy IPO Aims to Raise ₹10,000 Crore for Renewable Energy Growth

**New Delhi, November 15, 2024:** NTPC Green Energy, a wholly-owned subsidiary of India’s largest energy-generating company NTPC Limited, is gearing up for its initial public offering (IPO) aiming to raise ₹10,000 crore. The IPO, set to be the third-largest of 2024, will open from November 19 to November 22 with a price band of ₹102 to ₹108 per share, and is expected to be listed on November 27.

The funds raised will be primarily used to invest in NTPC Renewable Energy Limited (NREL), a subsidiary of NTPC Green Energy, repay outstanding loans, and cater to general business purposes. The IPO also includes a 10% quota reserved for existing shareholders of the parent company, NTPC Ltd.

NTPC Green Energy is aggressively pursuing growth in the renewable energy sector with plans to reach 60 GW of capacity across solar, wind, and storage projects by FY32. In the first half of FY25, the company added 485 MW of renewable capacity, taking its total standalone commercial capacity to 59,168 MW. Additionally, it has secured agreements for 25 GW of renewable projects and 1 million metric tons per year of green hydrogen production in Rajasthan.

However, NTPC Green Energy faces stiff competition from established players in the renewable energy sector. Notably, Adani Green Energy, Greenko, Acme Solar Holdings, JSW Neo, and Tata Power REL are all vying for market share in the rapidly growing sector.

The company’s performance will be closely watched by investors as it seeks to capitalize on India’s ambitious renewable energy targets. The IPO is likely to attract significant interest from investors seeking exposure to the burgeoning renewable energy space.

**Disclaimer:** This article is for informational purposes only and does not constitute investment advice.

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