
This summary should help you stay updated on the latest developments about NTPC and its renewable energy initiatives. NTPC shares climbing over 4% after NTPC Green Energy filed IPO papers to raise Rs 10,000 crore:
- NTPC Shares Surge: NTPC shares jumped over 4% after the IPO filing by its renewable energy arm, NTPC Green Energy.
- IPO Details: NTPC Green Energy aims to raise Rs 10,000 crore through this IPO, which is expected to be one of the largest in India for 2024.
- Stock Performance: The shares hit a new 52-week high of Rs 431.85 on the BSE, reflecting strong investor confidence.
- Use of Funds: The IPO proceeds will be used to repay loans and for general corporate purposes.
- Debt Repayment: Approximately 75% of the raised capital (Rs 7,500 crore) will be allocated to clear debts of NTPC Renewable Energy Limited (NREL).
- Market Reaction: The stock opened higher at Rs 425.50 and was trading at Rs 428.45, up 3.53%, with a market capitalization of Rs 4.15 lakh crore.
- Company Growth: NTPC shares have nearly doubled from their 52-week low of Rs 227.75, delivering 78% returns in the last year.
- Renewable Energy Focus: NTPC Green Energy is a ‘Maharatna’ central public sector enterprise with a significant renewable energy portfolio, including solar and wind projects.
- Lead Managers: The IPO is being managed by IDBI Capital Markets & Securities, HDFC Bank, IIFL Securities, and Nuvama Wealth Management.
- Strategic Importance: This IPO aligns with India’s renewable energy goals and NTPC’s strategic focus on expanding its green energy footprint.
-
Indian Stock Market Outlook for Tuesday, June 10, 2025: Will Nifty 50 Hit a New All-Time High on June 10?
Get the Indian stock market outlook for Tuesday, June 10, 2025, with Nifty 50 & Bank Nifty predictions,
-
Will Sensex & Nifty Continue Their Rally on June 9? Key Levels to Watch! Which Industries Will Lead the Market on June 9?
Get the Indian stock market outlook for Monday, June 9, 2025, with predictions for Sensex, Nifty50, and Bank
-
HDFC’s Pre-Approved Loans Offer -100% Digital Loan Process, No Documents, No Stress, Just Money!
Get pre-approved loans instantly with HDFC Bank Credit Card! Enjoy low interest rates, 100% digital process, and disbursal in minutes. Avail loans up
-
Indian Stock Market Outlook for June 6, 2025: Nifty, Bank Nifty Predictions, Will Big Money Push Nifty Beyond 25,000?
Indian Stock Market Outlook for June 6, 2025: Get expert Nifty & Bank Nifty predictions with key support/resistance
-
Cyber Fraud in India: How Did the Woman Lose ₹2.89 Crore to Cyber Fraud?
A woman lost ₹2.89 crore to cybercriminals in a shocking online scam—but cops recovered ₹1.29 crore! Discover how
-
Indian Stock Market Outlook for June 5, 2025: Will Bulls Dominate or Bears Strike Back?
Indian Stock Market Outlook for June 5, 2025: Track Nifty50 & Bank Nifty predictions, key support/resistance levels, and