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NTPC Green Energy, Avanse Financial Services get Sebi's nod to float IPOs

NTPC Green Energy -- the renewable energy arm of NTPC, and Avanse Financial Services Ltd -- an education-focused NBFC, has received Sebi's go-ahead to raise funds through initial public offerings (IPOs), an update with the markets regulator showed on Monday. NTPC Green Energy and Avanse Financial Services are looking to garner Rs 10,000 crore and Rs 3,500 crore through initial share-sales, respectively. The two companies, which filed their preliminary IPO papers with Sebi between July and September, obtained their observations during October 22-23, the update showed. In Sebi's parlance, obtaining observations means its go-ahead to float the public issue. NTPC Green Energy's initial share-sale is entirely a fresh issuance of equity shares with no offer-for-sale (OFS) component, according to the draft red herring prospectus (DRHP). Of the total proceeds, Rs 7,500 crore will be used to repay or prepay part or all of its subsidiary NTPC Renewable Energy Ltd's (NREL) outstanding loans

Dividend, Bonus: Infosys, NTPC, RIL, 28 others to go ex-date in Diwali week

Here is the complete list of companies whose shares will turn ex-date next week along with their respective corporate announcements, and other key details

NTPC Q2 results: PAT grows 14% to Rs 5,380 cr, income at Rs 45,197 cr

State-owned power giant NTPC Limited on Thursday posted about 14 per cent rise in consolidated net profit to Rs 5,380.25 crore for the September quarter. Its net profit in the year-ago period stood at Rs 4,726.40 crore, a BSE filing said. The total income, however, fell to Rs 45,197.77 crore in the quarter from Rs 45,384.64 crore a year ago. The average tariff of the company was Rs 4.67 per unit during the April-September quarter this fiscal compared to Rs 4.61 per unit in the year-ago period. The Board of Directors also approved the first interim dividend of Rs 2.50 on the face value of paid-up equity shares of Rs 10 each for the financial year 2024-25. The date of payment/dispatch of the dividend will be 18 November 2024. The gross electricity generation of NTPC decreased to 88.46 billion units (BU) during the second quarter from 90.30 BU a year ago. Its coal output from captive mines increased to 9.03 MMT in the quarter from 5.59 MMT in the year-ago period. The production als

Q2 results today: ITC and Adani Wilmar among 114 firms to post earnings

Q2FY25 company results: Godrej Consumer Products, PNB Housing Finance, Adani Gas, Bikaji, IndusInd Bank, Vadilal, and more to report second quarter earnings on October 24

Swiggy gets shareholder nod to use provision to upsize IPO fresh issue

Swiggy's original IPO size eked out NTPC Green Energy's $1.2 billion public offering filing to be the largest in the country this year

NTPC registers 3.9% growth in power generation, 16% in coal mining

The company's mining arm, NTPC Mining, produced 19 million tonnes (MT) of coal during H1FY25, registering a growth of 20 per cent year-on-year

IPO rush: Hyundai, Swiggy among cos looking to raise Rs 60K cr in Oct-Nov

The primary market will remain abuzz with more than half a dozen companies, including Hyundai Motor India, Swiggy, and NTPC Green Energy, lined up initial public offerings over the next two months to raise around Rs 60,000 crore, merchant bankers said. Apart from these three firms, Afcons Infrastructure, Waaree Energies, Niva Bupa Health Insurance, One Mobikwik Systems, and Garuda Construction are among the companies planning to launch initial public offerings (IPOs) during October-November, they added. Together, these firms are looking to raise Rs 60,000 crore through their IPOs. Munish Aggarwal, Managing Director and Head - Equity Capital Markets at Equirus, expects over 30 IPOs to be launched between September-end and December. This will be across sectors, deal sizes and a combination of fresh issues and offers for sale. The strong momentum in IPO markets is driven by several key macroeconomic, sector-specific factors and the willingness of funds to look at new ideas, which is .

SAIL members okay move to undertake material related transactions with JVs

Shareholders of SAIL have passed a resolution to authorise its board to undertake 'material-related party transactions' up to Rs 9,000 crore with NTPC-SAIL Power Company, an exchange filing said Thursday. NTPC-SAIL Power Company is a joint venture between power generation company NTPC and steel maker SAIL. The resolution was passed by the members of the company at its 52 Annual General Meeting (AGM) in the national capital. The resolution was passed "to authorise the board to carry out the material related party transactions with NTPC-SAIL Power Company for an aggregate value of up to Rs 9,000 crore from April 1, till the AGM to be held in FY26," SAIL said in the filing. Another resolution was passed to authorise the board to carry out material related party transactions with Bokaro Power Supply Company for an aggregate value of up to Rs 4,500 crore from April 1, 2024 till FY26. Bokaro Power Supply Company is a joint venture between DVC and SAIL. The shareholders also passed a ..

NTPC Green Energy urges Sebi to expedite approval for Rs 10K crore IPO

State-owned power generator also seeking leeway on certain listing regulations

NTPC Green Energy's Rs 10,000 cr IPO likely in November first week

NTPC Green Energy, a subsidiary of state-owned power giant NTPC, is likely to bring its initial public offering (IPO) to raise Rs 10,000 crore in first week of November, a source said. Last week, NTPC Green Energy had filed preliminary papers with capital markets regulator Sebi to raise Rs 10,000 crore through IPO. The highly placed source said the IPO is expected to be launched in first week of November this year. The company has planned roadshows in India (Mumbai) as well as abroad, especially in Singapore, the source informed. The initial share-sale is entirely a fresh issuance of equity shares with no offer-for-sale (OFS) component, according to the draft red herring prospectus (DRHP). The company said proceeds of the issue to the tune of Rs 7,500 crore will be used to repay or prepay part or all of its subsidiary NTPC Renewable Energy Ltd's (NREL) outstanding loans, while a portion will be utilised for general corporate purposes. The filing comes at a time when the country's

NTPC's prospects appear robust, barring seasonal impact in August

Regulated players, RE and hydro players seem more attractive from the valuation standpoint than merchant power players

NTPC hits all-time high after arm files draft papers for Rs 10,000-cr IPO

The surge in the NTPC share price came after the company filed Initial Public Offering (IPO) papers for its green energy arm, NTPC Green Energy Limited (NGEL).

India IPO frenzy continues as NTPC Green Energy plans $1.2 bn listing

The IPO boom comes as India's rapid economic expansion makes it a bright spot amid challenges facing peers such as China

India IPO frenzy continues as NTPC Green Energy plans $1.2 bn listing

The IPO boom comes as India's rapid economic expansion makes it a bright spot amid challenges facing peers such as China

NTPC Green Energy files draft papers for around Rs 10,000 crore IPO

Senior management of the company confirmed the development, but the spokesperson declined to comment

NTPC Green Energy files draft papers to raise $1.2 billion through IPO

The company, a unit of power producer NTPC, will only issue new shares, and existing shareholders will not sell any stake, the draft papers showed

Govt gives nod to NPCIL-NTPC JV for building nuclear plants in Rajasthan

The government has approved a joint venture between NPCIL and NTPC to build four 700 MWe nuclear power plants at Mahi Banswara in Rajasthan. The Department of Atomic Energy handed over the document approving the joint venture 'Anushakti Vidyut Nigam Limited (ASHVINI)'? to top officials of the Nuclear Power Corporation of India Limited (NPCIL) and the National Thermal Power Corporation (NTPC) on Tuesday, an official statement said. With this approval, ASHVINI has been authorized to build, own and operate nuclear power plants in India in accordance with the existing legal framework, the statement from NPCIL said. It said ASHVINI will be a subsidiary of NPCIL, which will have 51 per cent stake in the entity. The Mahi Banswara project of 4x700 MW Pressurised Heavy Water Reactors (PHWR) will be implemented by ASHVINI. The joint venture will pave the way for pooling resources in terms of finances and expertise for the rapid expansion of nuclear power capacity in the country to meet the

Suzlon secures India's largest wind energy order from NTPC Green

The 1,166 MW energy project will serve three million households upon completion

RRB NTPC 2024 notification out for 11,558 posts, registration to begin soon

The Railway Recruitment Board has released the official notification for the RRB NTPC Recruitment 2024. The recruitment drive aims to fill 11,558 vacancies

NTPC receives shareholders' approval to raise up to Rs 12,000 crore

State-owned power giant NTPC on Friday said it has got shareholders' approval to raise up to Rs 12,000 crore through issuance of non-convertible debentures (NCDs) on a private placement basis. "All resolutions proposed at the 48th Annual General Meeting were passed with requisite majority," the company said in a BSE filing. The board of directors of the company in its meeting held on 29th June, 2024 has approved the proposal and recommends the passing of the proposed special resolution (for raising up to Rs 12,000 crore in next 12 months), the AGM notice of NTPC had stated. The notice had further said that the company is under capacity expansion mode, and a major portion of its capital expenditure requirement has to be funded by debt. The approval of the shareholders is being sought to authorize the board of directors to make offer(s) or invitation(s) to subscribe to the secured/unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures (NCDs/bon