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NTPC gets nod from DIPAM to list green energy arm

02 Feb 2024 Evaluate

NTPC has received an approval from the Department of Investment and Public Asset Management (DIPAM) to list its green energy arm NTPC Green Energy (NGEL) to raise up to Rs 10,000 crore. NGEL is expected to go public to raise up to Rs 10,000 crore anytime after March. The company is planning to utilise the funds towards energy transition and setting up green energy projects, including solar and green hydrogen.

NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.


Peers
Company Name CMP
NTPC 316.70
Tata Power 350.00
Adani Power 196.95
Power Grid Corpn. 254.65
Adani Energy Solut. 1325.50
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