NTPC Green Energy, the renewable energy subsidiary of NTPC Limited, the nation’s largest power generation company, is preparing for an Initial Public Offering (IPO) to raise ₹10,000 crore. The company has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) to seek approval for the fresh equity issue.Of the total funds raised through the IPO, ₹7,500 crore will be allocated toward loan repayments, while the remaining ₹2,500 crore will be utilized for business expansion and operational needs. The move is part of NTPC Green Energy’s strategy to strengthen its balance sheet and accelerate its renewable energy portfolio growth.As of August 2024, NTPC Green Energy boasts a renewable energy capacity of 3,071 MW from solar power and 100 MW from wind energy. With this IPO, the company aims to bolster its efforts in meeting the country’s growing demand for clean energy, aligning with India’s vision of a sustainable and greener future.The public offering is expected to garner significant attention from investors, given NTPC Green Energy’s key role in the transition to renewable energy sources and the government’s push toward achieving ambitious renewable energy targets.