NTPC said it is targeting new thermal orders worth 15.2 GW in the coming years, and has also raised the ordering pipeline for its thermal capacity.
The IPO proceeds are intended to be used to fund ongoing and future projects across solar, green hydrogen and green ammonia, the company had said.
1.IPO Listing Timeline: NTPC plans to list NTPC Green by October-November 2024.
2.IPO Size and Investment Bankers: The IPO is expected to raise Rs 10,000 crore, with investment bankers shortlisted in April 2024.
3.Market Entry: NTPC Green aims to tap the primary market by FY25.
4.Use of Proceeds: The IPO funds will be used for projects in solar, green hydrogen, and green ammonia.
5.Significance of IPO: At Rs 10,000 crore, it will be the largest IPO by a public sector company since the Rs 21,000 crore IPO of Life Insurance Corp. in May 2022.
6.Thermal Power Orders: NTPC targets new thermal power orders totaling 15.2 GW in the coming years.
7.FY25 Thermal Capacity Orders: NTPC plans to award 10.4 GW worth of thermal power project orders in FY25.
8.Project Commissioning: NTPC expects to commission 2.8 GW of thermal power projects in FY25 and 1.5 GW in FY26.
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