If you’re considering investing in the stock market, next week brings a valuable opportunity.
NTPC Green Energy, a subsidiary of the government-owned NTPC, is set to launch its Initial Public Offering (IPO) on Tuesday, November 19.
Investors will be able to place bids on shares until November 22, 2024. The company aims to raise Rs 10,000 crore from this offering.
Key IPO Details and Investment Plans
NTPC Green Energy has set a price band of Rs 102 to Rs 108 per share for its IPO.
Chairman and Managing Director Gurdeep Singh recently announced these details, along with the company’s plans to invest up to Rs 1 lakh crore in solar
and wind energy projects by the fiscal year 2026-27. Around 20% of this investment will come from equity, emphasizing NTPC Green Energy’s commitment to expanding its renewable energy footprint.
Expanding Capacity and Exploring New Ventures
Beyond the IPO, the company plans to support its growth through internal funds.
Currently, NTPC Green Energy has an installed capacity of 3,220 MW, which it plans to increase to 6,000 MW by March 2025 and further to 11,000 MW by 2026.
Additionally, the company is exploring new areas such as green hydrogen, pump storage power, and energy storage solutions, enhancing its role in sustainable energy.
A Promising Investment in Green Energy
The NTPC Green Energy IPO offers investors a promising chance to participate in the expanding green energy sector.
With its ambitious growth plans and commitment to renewable energy projects, this IPO could be a valuable addition to any investor’s portfolio.
