NTPC Green's ₹10,000 Crore IPO: A Green Push or a Risky Bet?

  • NTPC Green Energy Limited, a subsidiary of NTPC, launched its ₹10,000 crore IPO this week. It aims to fund renewable energy expansion, including solar, wind, and hydroelectric projects, and reduce its debt burden.

  • The IPO, priced aggressively, has drawn attention from long-term investors due to NTPC Green's robust growth trajectory. Between FY23 and FY24, the company’s revenue grew over 1,094%, and its profit after tax surged by 101%​.

  • The funds will also support NTPC Renewable Energy Limited (NREL), aiding in repayment of outstanding borrowings and general corporate purposes.

  • Analysts describe the IPO as a strategic opportunity to invest in India's renewable energy future but caution against the high valuation, suggesting it’s suitable for cash-rich, long-term investors.

  • With an expected market capitalization of ₹91,000 crore post-listing, NTPC Green's debut underscores the increasing shift toward sustainable energy solutions in India​.

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