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NTPC to cut stake in renewable energy arm, hunt for strategic investors
India’s largest power generating company, the state-owned NTPC Limited will reduce its stake in its newly formed renewable energy (RE) arm as it plans to list it in the coming financial year. NTPC-Renewable Energy ltd (NREL) was incorporated in October 2020 and will spearhead the company’s plan to construct 60 Gw of renewable energy projects in this decade.
Senior executives said NTPC will commence “global roadshows” in the coming months to look for a strategic investor in NREL. Read more
Traders in Delhi request DDMA
