NTPC to raise Rs 50 bn via stake sale in green arm
POWER & RENEWABLE ENERGY

NTPC to raise Rs 50 bn via stake sale in green arm

NTPC intends to raise Rs 50 billion by selling a stake in a recently established green energy division, according to the reports. SBI Capital Markets has been hired by the state-owned power generation juggernaut to provide advice on the selling process, which may formally begin in October. The Kuwaiti and Abu Dhabi sovereign wealth funds, as well as the Canadian pension funds, are situated in the Middle East.

After the infusion of capital, NTPC wants to keep the majority ownership of the arm. Given that the company has government backing, the stake sale is anticipated to generate considerable interest. Additionally, it can give investors a sense of security by guaranteeing that their projects would be supported by safe, long-term power selling agreements. NTPC reportedly did not respond to queries.

NTPC intends to raise Rs 50 billion by selling a stake in a recently established green energy division, according to the reports. SBI Capital Markets has been hired by the state-owned power generation juggernaut to provide advice on the selling process, which may formally begin in October. The Kuwaiti and Abu Dhabi sovereign wealth funds, as well as the Canadian pension funds, are situated in the Middle East. After the infusion of capital, NTPC wants to keep the majority ownership of the arm. Given that the company has government backing, the stake sale is anticipated to generate considerable interest. Additionally, it can give investors a sense of security by guaranteeing that their projects would be supported by safe, long-term power selling agreements. NTPC reportedly did not respond to queries.

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?