NTPC prepares to bring in renewable energy IPO to raise money for NTPC

Public sector power company NTPC intends to list its unit NTPC Renewable Energy Limited. This will enable the company to meet its ambitious goal of establishing 60 GW of renewable energy capacity by 2032. A top official of the company said the matter.

NTPC is the first energy company in the country to set its energy goals in line with the United Nations High Level Dialogue on Energy (HLDE). NTPC aims to establish 60 GW of renewable energy capacity by 2032. Speaking at the Virtual Summit of BloombergNEF (BNEF), NTPC President and Managing Director Gurdeep Singh said: We are looking to raise money publicly soon. “Singh was referring to raising money for NTPC’s ambitious Renewable Energy Target.

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He said the NTPC hopes to achieve its target of establishing 60 GW of renewable energy capacity by 2032 The company launched NTPC Renewable Energy Limited, a wholly-owned subsidiary of the Renewable Energy business, in October last year.

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