NTPC Green Energy has received approval from the Securities and Exchange Board of India (SEBI) to raise ₹10,000 crore through an initial public offering (IPO).
The IPO of NTPC Green Energy will consist of a fresh issue of equity shares with a face value of ₹10 per share, including a reservation for eligible employees who will receive a discount for their subscriptions.
Out of the ₹10,000 crore raised, ₹7,500 crore will be allocated for investments in NTPC Renewable Energy (NREL), repayment of certain outstanding borrowings, and general corporate purposes.
As of June 30, NTPC Green Energy has a portfolio of 14,696 MW, which includes 2,925 MW of operating projects and 11,771 MW of contracted and awarded projects. Additionally, it has another 10,975 MW in the pipeline.
NTPC Green Energy operates 37 solar projects and 9 wind projects across seven states, with 31 renewable energy projects currently under construction.
NTPC Green Energy has achieved an operational capacity of 3,071 MW from solar projects and 100 MW from wind projects across six states as of August 31.
NTPC Green Energy reported revenue growth at a compound annual growth rate (CAGR) of 46.82 percent, rising from ₹910.42 crore in fiscal 2022 to ₹1,962.60 crore in fiscal 2024.
Profit after tax (PAT) demonstrated robust growth, with a CAGR of 90.75 percent, increasing from ₹94.74 crore in fiscal 2022 to ₹344.72 crore in fiscal 2024.