NTPC Green Energy Limited IPO

NTPC Green Energy Limited (NGEL) is a subsidiary of NTPC Limited, India’s largest energy conglomerate, focused on developing and managing renewable energy projects. Established to drive NTPC’s goal of increasing its renewable energy capacity, NGEL plays a significant role in India’s energy transition by promoting clean and sustainable energy sources.

Key Points about NTPC Green Energy Limited:

1. Renewable Energy Focus: NGEL was created to oversee NTPC’s renewable energy projects, including solar, wind, and hybrid power projects. The goal is to expand NTPC’s green energy portfolio and reduce reliance on fossil fuels, helping India meet its climate commitments.
2. Capacity Expansion Goals: NGEL aims to contribute to NTPC’s target of achieving 60 GW of renewable energy capacity by 2032. This is part of NTPC’s broader objective to reduce carbon emissions and promote sustainable energy practices. As of recent reports, NTPC has been rapidly increasing its renewable capacity to meet these ambitious goals.
3. Project Development: NGEL is involved in a variety of renewable energy projects, including utility-scale solar and wind farms, floating solar projects, and green hydrogen initiatives. NTPC’s floating solar projects, such as those on reservoirs at power plants, are some of the largest in the world and exemplify innovative renewable solutions in the country.
4. Green Hydrogen Initiatives: NGEL is also exploring green hydrogen and green ammonia projects. These are part of NTPC’s broader push to adopt emerging technologies in the clean energy space, particularly for applications that are difficult to decarbonize, like industrial processes and heavy transport.
5. Partnerships and Investments: To achieve its goals, NGEL collaborates with various state governments, international organizations, and private sector players. These partnerships include joint ventures and strategic alliances to develop renewable infrastructure, boost green technology adoption, and fund large-scale projects.
6. Commitment to Net-Zero: NTPC has set a target to become a net-zero company by 2070, in alignment with India’s commitment to reach net-zero emissions by 2070. NGEL is central to NTPC’s roadmap for this transition by focusing on decarbonization through renewable energy generation.
7. International Ambitions: Although NGEL primarily focuses on domestic projects, NTPC has shown interest in international markets for renewable energy, including solar projects in the Middle East and Africa, showcasing NGEL’s potential for future global renewable energy initiatives.

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Company Financials:

Company Promoters:

The Promoters of the Company are the President of India, acting through the Ministry of Power, Government of India and NTPC Limited.

Objects of this Issue:

• Investment in the wholly owned Subsidiary, NTPC Renewable Energy Limited (NREL), for repayment/ prepayment, in full or in part of certain outstanding borrowings availed by NREL.
• General corporate purpose.

Registrar & Company Details