Is it true that NTPC is planning IPOs for its renewable units?
Answer
Answer
NTPC is exploring an IPO for its two units renewable energy units viz. NTPC Vidyut Vyapar Nigam and NTPC Renewable Energy Ltd. These would be the first clean energy companies to list on the stock exchanges in India. Both these companies are expected to play a major role in enabling NTPC to reach 130 GW renewable energy capacity by 2032.
NTPC is planning a total investment outlay of Rs.100,000 crore into the NTPC Renewables and is currently building India’s largest solar park in the Kutch region. Here, the company is expected to generate green hydrogen for commercial sale.