NTPC mulling IPO of NTPC Renewable Energy to raise funds
State-run NTPC intends to list its arm NTPC Renewable Energy Ltd to raise funds for achieving its ambitious target of 60 GW installed renewable energy capacity by 2032, a top company official said.
NTPC has become India’s first energy company to declare its energy compact goals as part of the UN High-level Dialogue on Energy (HLDE). NTPC looks to install 60 GW of renewable energy capacity by 2032.
The country’s largest power producer is also aiming a 10 per cent reduction in net energy intensity by 2032.
