2 weeks Ago
NTPC Green Energy, preparing for its initial public offering, is planning to invest up to Rs 1 lakh crore in its solar and wind energy projects by the fiscal year 2027, according to top company officials. Chairman and managing director Gurdeep Singh stated that the company expects 20% of the investment to come from equity, needing Rs 20,000 crore of its own funds for expansion. With Rs 10,000 crore set to be raised in the IPO, NTPC Green Energy will leverage internal accruals for further resources.
The company's strong credit rating under NTPC's auspices facilitates favorable debt terms, Singh noted. NTPC Green Energy aims to escalate its capacity from 3,220 MW currently to 19,000 MW by March 2027, supported by a substantial focus on solar energy. (With inputs from agencies.
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