NTPC to raise Rs 2,000 crore via stake sale in renewable energy arm

NTPC is planning to raise around Rs 2,000 crore from the sale of a stake in its renewable-energy subsidiary NTPC Green Energy (NGEL). The sale could be through private placement of shares or an initial public offering (IPO) or both, a company official said.

NTPC, he said, received a “good” response from the investors in the informal roadshow that took place last month in Mumbai. The proceeds from the stake sale will be used to expand the state-run firm’s renewable energy capacity.