NTPC to cut stake in renewable energy arm, hunt for strategic investors

Plans to list NREL next FY, hold global roadshows for strategic investors

State-owned NTPC will reduce its stake in its newly formed renewable energy arm below 50 per cent as it plans to go public in the next fiscal year. 

NTPC-Renewable Energy, formed in October 2020, will lead the company’s plan to construct 60 gigawatt (Gw) of renewable energy projects in this decade.

In the coming months, India’s largest power generation company will begin “global roadshows” to find a strategic investor in NREL, according to executives.

“We would be open to all kinds of investors – energy utilities, financing companies, domestic, and international energy players — as long as they have financing backing that matches