NTPC receives 13 bids for minority stake sale in Green Energy arm
POWER & RENEWABLE ENERGY

NTPC receives 13 bids for minority stake sale in Green Energy arm

A dozen corporations, primarily global asset managers and financiers, have expressed interest in acquiring a share in NTPC's green energy division. The thermal power business intends to sell a minority stake in order to raise up to Rs 20 billion.

Canada Pension Plan Investment Board (CPPIB), Brookfield, Abu Dhabi's TAQA, and National Investment and Infrastructure Fund are among those who have filed proposals (NIIF). Petronas, Malaysia's oil and gas firm, and ArcelorMittal, the world's largest steelmaker, have both made bids for the project.

According to senior officials, NTPC has quadrupled its target for non-fossil fuel based power to 130 GW by 2032 at a projected cost of $30 billion.

Also Read
Konkan Railway invites bids for solar power project
ABB Smart Power expands, upgrades Bengaluru factory


A dozen corporations, primarily global asset managers and financiers, have expressed interest in acquiring a share in NTPC's green energy division. The thermal power business intends to sell a minority stake in order to raise up to Rs 20 billion. Canada Pension Plan Investment Board (CPPIB), Brookfield, Abu Dhabi's TAQA, and National Investment and Infrastructure Fund are among those who have filed proposals (NIIF). Petronas, Malaysia's oil and gas firm, and ArcelorMittal, the world's largest steelmaker, have both made bids for the project. According to senior officials, NTPC has quadrupled its target for non-fossil fuel based power to 130 GW by 2032 at a projected cost of $30 billion. Also Read Konkan Railway invites bids for solar power projectABB Smart Power expands, upgrades Bengaluru factory

Next Story
Infrastructure Urban

Arya Omnitalk Powers India’s Toll Revolution with AI-Driven Solutions

Arya Omnitalk, a leader in intelligent transportation systems, is revolutionising toll collection across India’s national highways with its advanced AI-powered Toll Management Solutions. Designed for rugged remote toll locations, the company’s cutting-edge technology ensures seamless, reliable, and secure tolling—especially during high-capacity operations exceeding 200%. By integrating real-time analytics, cyber protection, and FASTag-based cashless tolling, Arya Omnitalk’s systems are significantly reducing congestion, improving transparency, and enhancing revenue assurance. Its full..

Next Story
Infrastructure Urban

Over 800 Join Anant Raj Runathon to Mark Earth Day

Over 800 participants came together at Anant Raj Estate, Sector 63A, Gurugram, for the Anant Raj Runathon 2025—a vibrant celebration of Earth Day through fitness, community bonding, and sustainability. Curated by renowned running coach Ravinder, the event featured four categories: 10-mile and 5-mile timed runs, a 5-mile walkathon, and a 1-mile kids’ run. Runners of all ages took to the green, scenic roads of the area—some chasing personal bests, others running for a cause. The Runathon was designed to promote healthy living while raising awareness about sustainable practices. Participa..

Next Story
Infrastructure Urban

PETRONAS Lubricants, Quaker Houghton Ink Strategic Deal

In a significant step towards strengthening industrial operations in India and Malaysia, PETRONAS Lubricants India Pvt. Ltd (PLIPL) and Quaker Houghton have announced a strategic partnership aimed at delivering high-performance industrial fluid solutions to key manufacturing sectors, including steel production. The collaboration combines the strengths of both companies—leveraging PETRONAS Lubricants India’s maintenance lubricant technologies and Quaker Houghton’s deep expertise in metalworking fluids. Starting from the second quarter of 2025, Quaker Houghton will begin offering PETRONAS..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?