EESL planning an IPO at ₹5,000 cr valuation
New Delhi: State-run Energy Efficiency Services Ltd (EESL) plans to tap into the capital markets to bankroll its energy efficiency programmes, including leasing electric vehicles to companies and installing smart meters to measure power consumption, a top company executive said.
The company, a joint venture set up by four state-run companies in the power sector, has been valued at around ₹5,000 crore by financial services company Investec.
“I have a capital expenditure requirement of around ₹25,000 crore over the next 3-4 years,” Saurabh Kumar, managing director of EESL said in an interview.
