IPO-bound NTPC Green targets to invest Rs 1 trn in solar, wind assets

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IPO-bound NTPC Green targets to invest Rs 1 trn in solar, wind assets - Business Standard

Quick Summary:

Assuming about 20 per cent of the investment to come from equity, it will need Rs 20,000 crore of its own funds for the expansion, its chairman and managing director Gurdeep Singh told reporters here, adding that Rs 10,000 crore of funds will be coming through the upcoming initial public offering.

IPO-bound NTPC Green Energy is aiming to invest up to Rs 1 lakh crore in solar and wind assets by FY27, a top official said on Wednesday.

The company will be able to raise the remaining resources through internal accruals, he added.