NTPC to raise Rs 50 billion via stake sale in NGEL

NTPC Limited is planning to raise Rs 50 billion by selling a stake in NTPC Green Energy Limited (NGEL), a 100 per cent subsidiary of NTPC. NTPC has engaged SBI Capital Markets to advise on the sale process, which could be formally launched in October 2022. According to a stock exchan­ge dis­closure, NTPC will hive off 15 of its renewable energy projects into NGEL, a newly formed entity. The assets being separated have a book va­lue of Rs 100 billion. Additionally, its 100 per cent stake in NTPC Rene­wable Energy Limited is being transferred to NGEL, which will now be the main vehicle for its green energy ambitions.

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