 "NTPC")
The news that NTPC Green Energy (NGEL), a wholly-owned subsidiary of NTPC, has clearance from the Securities and Exchange Board of India (Sebi) to raise Rs 10,000 crore via an initial public offering (IPO), was a trigger for the NTPC stock.
The stock gained 2 per cent in trade on Tuesday.
The IPO could be in November itself as NGEL had filed its draft red herring prospectus (DRHP) in mid-September 2024.
NGEL’s IPO will be for fresh issue of shares.
NTPC is targeting 60 Gw of renewable energy (RE) capacity by FY32 through NGEL.
NGEL has an
