2 weeks Ago By NDTV Profit Desk
NTPC Green Energy Ltd. is set to consider a proposal to raise up to Rs 5,000 crore in the coming week. The funds will be raised via issuance of bonds in one or more tranches in fiscal 2026, according to the company's exchange filing on Thursday.
The firm is a subsidiary of the public sector undertaking, NTPC Ltd., that focuses on environmentally responsible energy production and distribution.The board meeting will be held on April 29, 2025.
The firm also expects to jointly garner a revenue of Rs 3,800 crore by fiscal 2027 with ONGC Green Ltd., through their joint venture which they used to acquire Ayana Renewable Power Pvt. on March 17.
SEBI Approves Continuum Green Energy IPO Of Rs 3,650 CroreThe subsidiary also announced the successful commissioning of the second and final part of its substantial 105 MW Shajapur Solar Project, known as Unit-1, which is located within the Shajapur Solar Park in Madhya Pradesh.This concluding phase, with a capacity of 50 MW, has been declared commercially operational on March 12, according to an exchange filing. The initial segment of the project, possessing a generation capacity of 55 MW, had already been declared operational on Nov.
29, 2024, and has been actively supplying power since that time.Adani Green Energy Arm To Supply 1,250 MW Energy Storage Capacity In Uttar PradeshShares of NTPC Green Ltd. closed 0.
10% higher at Rs 107.29 per share, compared to a 0.34% downturn in the benchmark Nifty.
The share price has fallen 0.66% in the last 12 months and 15.58% year-to-date.
Three out of four analysts tracking the company have a 'buy' rating on the stock and one recommends a 'sell' rating, according to Bloomberg. The stock's return potential was at 0.9%.
(With inputs from PTI).ONGC-NTPC Green Sees Revenue Accretion Of Rs 3,800 Crore From Ayana Acquisition By FY27. Read more on Business by NDTV Profit.
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