Home Views On News Apr 17, 2023 - 5 Things to Know about NTPC Green Energy IPO 5 Things to Know about NTPC Green Energy IPO What does a foodie love the most?
It's what drives them to pursue their dreams and find happiness in their unique way.
It looks like investors may just come across a new opportunity soon.
#1 About NTPC
NTPC, formerly known as National Thermal Power Corporation, is an Indian central public sector entity under the ownership of the Ministry of Power, government of India.

#2 About NTPC Green Energy
Formed on 7 October 2020, NTPC Renewable Energy was a wholly owned subsidiary of NTPC. It was formed with the objective to accelerate the renewable energy growth of the company and increase the green footprint.

#3 Special Waiver for NTPC Green Energy
NTPC is a Maharatna CPSE. The board of a Maharatna CPSE can make equity investments to undertake financial joint ventures, wholly owned subsidiaries, and mergers and acquisitions in India and abroad, subject to a ceiling of 15% of the net worth of the concerned CPSE, limited to Rs 50 billion (bn) in one project.

#4 IPO Details
In order to fulfil its green energy goals, NTPC was looking to raise funds through a strategic investor or an IPO. Last year, NTPC proposed to raise Rs 20 bn equity through a private placement that would be followed by an initial public offering by its green energy arm.

#5 How NTPC Green Energy is leveraging the opportunity...
India has committed to reducing the emissions intensity of its GDP by 45% by 2030 and achieving about 50% cumulative electric power installed capacity from non-fossil fuel-based energy resources by the same timeline.

Source -https://www.equitymaster.com/detail.asp?date=04/17/2023&story=2&title=5-Things-to-Know-about-NTPC-Green-Energy-IPO