NTPC Green Energy, the renewable energy subsidiary of NTPC Limited, has filed draft papers with SEBI to raise approximately ₹10,000 crore through an IPO.
The offering will consist entirely of fresh equity shares with no offer-for-sale component. NTPC Green Energy plans to use ₹7,500 crore of the proceeds to repay or prepay loans of its subsidiary NTPC Renewable Energy Ltd (NREL), with the remaining funds going toward general corporate purposes.
The company has a renewable energy capacity of 3.5 GW, with a significant focus on solar and wind energy, and aims to achieve 60 GW by 2032. This IPO filing comes as part of India’s broader push in renewable energy, which saw its installed capacity reach 191 GW by March 2024