NTPC Green Energy, the renewable energy arm of NTPC Ltd, has filed for a Rs 10,000-crore IPO, aiming to fund its growth in solar energy, green hydrogen, and green ammonia projects.
This IPO could be India’s largest in 2024. A special quota of up to 10% is reserved for existing NTPC shareholders, allowing them to participate if they hold NTPC shares as of the filing date. Analysts, like Jefferies, have rated NTPC as a ‘buy’ with a target price of Rs 485, expecting strong growth in the renewable sector.