By FY27, the IPO-bound NTPC Green Energy (NGEL) intends to invest Rs 1 lakh crore in new initiatives and capacity expansion in areas like green hydrogen and storage projects. Gurdeep Singh, chairman and managing director, stated on Wednesday that the company, which currently has an operating capacity of 3.3 gigawatts (GW), aims to quadruple that…
The Securities and Exchange Board of India (SEBI) has approved NTPC Green Energy, the company’s renewable energy business, to move on with its eagerly awaited initial public offering (IPO). The company intends to raise Rs 10,000 crore through the issuance, having first submitted its draft documents to SEBI on September 18, 2024. The IPO will…
The government of Rajasthan and the state-run power giant NTPC have inked a Memorandum of Understanding (MoU) for the development of 25 GW of renewable energy projects in the state, according to NGEL, a wholly owned subsidiary of NTPC. The business stated in a regulatory filing that the Chief Minister of Rajasthan was present when…
Suzlon Group stated on Monday that it has secured the largest wind energy order in India, worth 1166 MW, from NTPC Green Energy Limited, the renewables division of NTPC Limited, following the publication of impressive Q1FY25 results. According to a regulatory filing, Suzlon plans to build 370 wind turbine generators (WTGs) of S144 type, each…
