NTPC IPO News: NTPC, a government power producer, is looking to raise funds of about Rs 6,000 crore. For this, the company is considering various options including IPO.
Government company NTPC is bringing a good news for investors looking for earning opportunities in the share market. India’s largest power producer company may soon appear in the IPO market. It is possible that this company may enter the IPO market in the current financial year itself. The company is preparing to launch an IPO (NGEL IPO) of its green energy unit NTPC Green Energy Ltd.
Due to this IPO can come
According to a news from ET, NTPC is looking to raise funds. Earlier he had hopes from the proposal of Malaysian company Petroleum National Berhad, which he has now withdrawn. Petroleum National Berhad was showing interest in buying 20 per cent stake in NTPC Green Energy Limited from NTPC. However, now the Petroleum National Barhad has backed out of it.
NTPC got this offer
In the news, quoting some sources related to the matter, it has been said that after withdrawing from the deal of Petroleum National Barhad, NTPC may try to raise funds by bringing an IPO. Earlier, Petroleum National Berhad had made the highest offer of around Rs 4,000 crore to buy 20 per cent stake in NTPC Green Energy Limited. The offer of Petroleum National Berhad was higher than the offers of REC Limited and Indraprastha Gas Limited.
Fund raising plan
NTPC plans to raise about Rs 6,000 crore in the current financial year. For this, the government company is looking at all the options including stake sale. These options for raising funds also include the IPO of NTPC Green Energy Limited.
Green energy capacity will increase rapidly
Talking about NTPC Green Energy Limited, this government power product company is taking forward the clean energy programs of NTPC. NTPC wants to create a green energy capacity of 60 GW on standalone basis and 130 GW on consolidated basis by the year 2032. Around 15 renewable energy assets of NTPC have been transferred to NGEL by the end of the last financial year.
