NTPC plans to sell shares of its two clean energy subsidiaries
NTPC Limited is preparing for share sales of its units NTPC Vidyut Vyapar Nigam Ltd (NVVN) and NTPC Renewable Energy Ltd (NTPC REL)
New Delhi: NTPC Limited is preparing for share sales of its two renewable energy units- NTPC Vidyut Vyapar Nigam Ltd (NVVN) and NTPC Renewable Energy Ltd (NTPC REL).
According to Live Mint, two people aware of the development said that NTPC has started the groundwork to hold initial share sales of its units NVVN and NTPC REL.
Reportedly, NVVN and NTPC REL are expected to be among the first clean energy firms to list on domestic bourses. Both are likely to play a pivotal role in helping India’s largest power generation utility reach 60 gigawatts (GW) renewable energy capacity by 2032 from around 4GW currently.
The company has plans to make an investment of Rs1 trillion between 2019 and 2024 for becoming a 130 GW power producer by 2032.
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
