NTPC Green gets Sebi nod for Rs 10,000 crore IPO

The proceeds from the caller contented to the grade of Rs 7,500 crore volition beryllium utilized for concern successful its wholly-owned subsidiary, NTPC Renewable Energy Ltd (NREL) for repayment/ prepayment, successful afloat oregon successful portion of definite outstanding borrowings availed by NREL and wide firm purposes.

Promoted by NTPC Ltd, NTPC Green Energy is the largest renewable vigor nationalist assemblage endeavor (excluding hydro) successful presumption of operating capableness arsenic of June 30, 2024 and powerfulness procreation successful Fiscal 2024, according to a CRISIL study mentioned successful the draught prospectus.

As of June 30, 2024, NTPC Green’s “portfolio” consisted of 14,696 MWs including 2,925 MWs of operating projects and 11,771 MWs of contracted and awarded projects. Additionally, it has 10,975 MWs of “capacity nether pipeline”, aggregating to 25,671 MWs unneurotic with its Portfolio.

The company’s renewable vigor portfolio encompasses some star and upwind powerfulness assets with beingness crossed aggregate locations successful much than six states which helps mitigate the hazard of location-specific procreation variability, according to CRISIL.

As of June 2024, NTPC Green had 15 offtakers crossed 37 star projects and 9 upwind projects and are successful the process of constructing 31 renewable vigor projects successful 7 states consisting of 11,771 MWs contracted and awarded. It besides had 2,925 MWs operating crossed 14 star projects and 2 upwind projects.

Its operational capableness was 3,071 MW of star projects and 100 MW of upwind projects crossed six states arsenic of August 31, 2024, strategically focused connected processing a portfolio of utility-scale renewable vigor projects, arsenic good arsenic projects for nationalist assemblage undertakings and Indian corporates.

NTPC Green Energy’s gross from operations has grown astatine a CAGR of 46.82 per cent from Rs 910.42 crore successful fiscal 2022 (on a peculiar intent carved-out basis) to Rs 1,962.60 crore successful Fiscal 2024 (on a restated basis). The nett aft taxation grew astatine a CAGR of 90.75 per cent from Rs 94.74 crore successful FY2022 (on a peculiar intent carved-out basis) to Rs 344.72 crore successful FY2024 (on a restated basis).

For the three-month play ended June 2024, gross from operations and nett aft taxation stood astatine Rs 578.44 crore and Rs 138.61 crore, respectively, connected a restated basis.