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NTPC Green Energy IPO subscribed 33% on Day 1; retail portion fully booked

The initial public offer of NTPC Green Energy Ltd, the renewable energy arm of NTPC, got subscribed 33 per cent on the first day of share sale on Tuesday. The share sale received bids for 19,46,53,968 shares against 59,31,67,575 shares on offer, according to data available with the NSE. The portion for Retail Individual Investors (RIIs) fetched 1.33 times subscription while the category for non-institutional investors got subscribed 15 per cent. NTPC Green Energy has mobilised Rs 3,960 crore from anchor investors. The Rs 10,000-crore initial share sale is entirely a fresh issuance of equity shares with no offer-for-sale (OFS) component. The issue, with a price band of Rs 102-108 per share, will be available for public subscription from November 19 to 22. Proceeds from the IPO 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 and a portion will be utilised for general corporate purposes.

Share Market Today: NTPC Green IPO; Waaree Energies Q2 nos & Fund Flows

In the previous session, Sensex fell 0.31 per cent to end at 77,339.01, while the Nifty slipped 0.34 per cent to settle at 23,453

Stocks to watch, Nov. 19: NTPC, Waaree Energies, Bajaj Fin, ITI, SpiceJet

Here is a list of stocks that will be in the limelight for November 19 session

Analysts bullish on NTPC Green Energy IPO; eye long-term potential

NTPC Green Energy's IPO opens for public subscription from Tuesday, November 19, 2024, to Friday, November 22, 2024. Brokerages have weighed in on the offering, with recommendations as follows

NTPC pays Rs 2,424 crore as interim dividend to shareholders for FY25

State-owned NTPC on Monday said it has paid Rs 2,424 crore as an interim dividend to its shareholders. The company paid its first interim dividend of Rs 2,424 crore for the financial year 2024-25 on November 18, representing 25 per cent of the company's paid-up equity share capital, NTPC said in a statement. NTPC CMD Gurdeep Singh, along with the Board of Directors of the company, presented the "payment advice of Rs 1,238.84 crore, representing the government's share to the Minister of Power Manohar Lal, Power Secretary Pankaj Agarwal", it added. On October 24, the Board of Directors of NTPC approved the first interim dividend of Rs 2.50 on the face value of shares of Rs 10 each for the financial year 2024-25. This marks the 32nd consecutive year that NTPC has distributed dividends to its shareholders. In a separate statement, NTPC said it is setting up a plant at Simhadri in Andhra Pradesh to produce green hydrogen from seawater. "For seawater processing, NTPC has implemented an

IPO-bound NTPC Green targets to invest Rs 1 trn in solar, wind assets

IPO-bound NTPC Green Energy is aiming to invest up to Rs 1 lakh crore in solar and wind assets by FY27, a top official said on Wednesday. Assuming about 20 per cent of the investment to come from equity, it will need Rs 20,000 crore of its own funds for the expansion, its chairman and managing director Gurdeep Singh told reporters here, adding that Rs 10,000 crore of funds will be coming through the upcoming initial public offering. The company will be able to raise the remaining resources through internal accruals, he added. For the debt part, the company enjoys a very good credit rating from multiple agencies courtesy the strong parentage in India's biggest power producer NTPC, Singh said, stressing that this enables it to land debt at softer rates when compared to rivals. NTPC Green Energy, which has an installed capacity of 3,220 MW right now, is aiming to take up the same number to 6,000 MW by March 2025, 11,000 MW by March 2026 and 19,000 by March 2027, Singh said, adding tha

NTPC Green targets $10.8 billion valuation in IPO, analysts flag concerns

Some analysts flagged concerns over NTPC Green's valuation, including on a price-to-earnings (PE) basis

NTPC Green targets $10.8 billion valuation in IPO, analysts flag concerns

Some analysts flagged concerns over NTPC Green's valuation, including on a price-to-earnings (PE) basis

NTPC Green seeks $12 bn valuation in one of biggest renewable industry IPO

NTPC Green's IPO would follow the successful listing of Waaree Energies Ltd., which raised $514 million last month and was subscribed more than 70 times

NTPC approves Rs 80k cr investment proposals for 6,400 MW thermal capacity

Power giant NTPC on Tuesday said its board has approved investment proposals worth about Rs 80,000 crore for thermal projects totalling 6,400 MW. The board of directors has accorded investment approval for Telangana Super Thermal Power Project, Phase-II (3x800 MW) at an appraised current estimated cost of Rs 29,344.85 crore, the company said in an exchange filing. The board also approved the proposal for Gadarwara Super Thermal Power Project, Stage-II (2x800 MW), at an estimated cost of Rs 20,445.69 crore, it said. The board also accorded investment approval for Nabinagar Super Thermal Power Project, Stage II (3x800 MW) at an appraised current estimated cost of Rs 29,947.91 crore. NTPC, under the Ministry of Power, is the country's largest power generation company. The NTPC Group's installed power generation capacity was 76,443 MW as of September 30, up from 73,824 MW a year earlier. The company's installed capacity also increased on a standalone basis to 59,168 MW from 57,838 MW

Uttar Pradesh government partners NTPC to float solar power plants

The state has already received new and renewable energy investment proposals of ~7 trillion, of which ~57,000 crore worth of projects came under the UP State Bio-Energy Policy 2022

ONGC, NTPC form joint venture to advance renewable, new energy interests

JVC will contribute significantly to India's renewable energy landscape, drive innovation and foster environmental stewardship

NTPC Green Energy's Rs 10,000 crore IPO likely to unlock value for parent

NTPC is targeting 60 Gw of renewable energy (RE) capacity by FY32 through NGEL

Mahagenco-NTPC emerges as top bidder for Sinnar Thermal at Rs 3,800 crore

The Mahagenco-NTPC has outbid at least seven others including Adani Power, Vedanta Group, Jindal Power, Orissa Metaliks, and Singapore-based VFSI Holdings

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