Ambitious IPO Project: NTPC Green Energy Plans Billion-Dollar Valuation

NTPC Green Energy Ltd. is reportedly seeking a valuation of approximately 12 billion USD, which could lead to one of the largest initial public offerings in the renewable energy sector in India. This impressive initiative originates from the eco-energy division of the state-backed energy giant NTPC Ltd. In confidential discussions, the subsidiary has consulted with advisors about the pricing of the planned IPO, targeting a price of over 100 rupees (approximately 1.18 USD) per share. The aim is to raise up to 100 billion rupees through the sale of shares. The upcoming transaction highlights the growing importance of renewable energy in India and could be seen as another step towards strengthening sustainable energy sources in the country.