 "NTPC")
India’s largest power-generating company NTPC will publicly list its newly formed green energy arm – NTPC Green Energy (NGEL) – in 2023-24 (FY24).
The company houses all the green energy and green fuel projects of the parent entity and aims at building 60 gigawatt (Gw) of green energy portfolio by 2030 - 3x of its planned new thermal capacity.
The decision to go for an initial public offering (IPO) has come after talks failed to make any headway in getting a strategic investor aboard NGEL, said senior executives. They added the company is targeting to raise close to or more than Rs
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