NTPC Green Energy Limited IPO

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NTPC Renewable Energy Limited primary focus is on utility-scale solar and wind power projects that contribute to India’s renewable energy targets.

Renewable Energy Portfolio
Their renewable energy portfolio is diversified, consisting of solar and wind power projects located across multiple states. This geographic diversification helps mitigate risks associated with location-specific generation variability.
Operating Capacity (as of September 30, 2024):   Solar Power: 3,220 MW and Wind Power: 100 MW

Their projects are operational across six states, reflecting their extensive presence and ability to address regional energy demands efficiently.

Project Portfolio and Pipeline

Their portfolio and development pipeline illustrate the scale and ambition of our renewable energy operations:
i. Total Portfolio (as of September 30, 2024): 16,896 MW
ii. Capacity Under Pipeline

Total Capacity (Portfolio + Pipeline): 26,071 MW
This capacity underlines our commitment to driving India’s renewable energy transition.

Renewable Energy Generation
They feed renewable energy into the grid, primarily under long-term agreements with reliable offtakers, ensuring a stable and predictable revenue model.

Conclusion

Their leadership in renewable energy, coupled with a strategic focus on utility-scale projects, positions them as a key player in India’s journey toward a sustainable energy future. With a diversified and expanding portfolio, they aim to contribute significantly to India’s renewable energy targets and decarbonization goals.

Objects of the NTPC Green Energy Limited IPO:

The company proposes to utilise the Net Proceeds towards funding the following objects i. Investment in the wholly owned Subsidiary, NTPC Renewable Energy Limited (NREL), for repayment/ prepayment, in full or in part of certain outstanding borrowings availed by NREL ii. General corporate purpose.

NTPC Green Energy Limited IPO Details:

Open Date: Nov 19 2024
Close Date: Nov 22 2024
Total Shares: 925,925,926
Face Value: ₹ 10 Per Equity Share
Issue Size: 10,000.00 Cr.
Lot Size: 138 Shares
Issue Price: ₹ 102 - 108 Per Equity Share
Listing At: NSE,BSE
Listing Date: Nov 27 2024

Promoters And Management:

Gurdeep Singh, Chairman and Managing Director of the company and NTPC Limited since 2016, holds a bachelor's degree in Mechanical Engineering from Kurukshetra University and has completed a management program at IIM Ahmedabad. With over 18 years of leadership experience in the power sector, he also chairs North-Eastern Electric Power Corporation Limited, a subsidiary of NTPC. Previously, he served as Managing Director of Gujarat State Electricity Corporation Limited. He is responsible for driving corporate objectives, performance, and strategic growth to achieve the company’s vision. Jaikumar Srinivasan, Director (Finance) of the company and NTPC Limited, is an associate member of the Institute of Cost and Work Accountants of India and holds a bachelor's degree in commerce from Nagpur University. With over 17 years of experience as Director (Finance) in various power sector companies, including NLC India Limited and Maharashtra's State Electricity and Power Generation companies, he oversees financial policies, controls, and practices to align with corporate objectives. Shanmugha Sundaram Kothandapani, Director (Projects) of the company and NTPC Limited, holds a bachelor's degree in Electronics and Communication Engineering from Bharathiar University and a postgraduate diploma in business management from MDI Gurgaon. Associated with NTPC since 1988, he has over 36 years of experience in project management, commissioning, and operations of power stations. As Director (Projects), he oversees timely construction, commissioning, and completion of projects within quality and cost parameters through effective project management.

Financials of NTPC Green Energy Limited IPO:

To be updated shortly.

Comparison With Peers:

To be updated shortly.

Recommendation on NTPC Green Energy Limited IPO:

To be updated shortly.

Registrar of NTPC Green Energy Limited IPO:

  1. Kfin Technology Private Limited

Company Address:

NTPC Green Energy Limited NTPC Bhawan, Core -7, SCOPEComplex 7 Institutional Area Lodi Road, New Delhi,-110003 Phone: +91 11 24362577 Email: ngel@ntpc.co.in Website: https://www.ngel.in/

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