NTPC Green Energy in process of appointing merchant bankers for IPO, says CEO

The stock has gained nearly 33 percent in the last three months.

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26 Aug, 2025 12:21

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The aim is to go to the market with an initial public offering in the next fiscal and NTPC Green Energy is certainly looking at that, says Mohit Bhargava, CEO of the company in a recent conversation with CNBC TV-18.

"We are in the process of appointing the merchant bankers and as we see, it's about an eight to nine-month cycle from where we are today, at least, if we are able to finally hit the market," Bhargava said.

The development gains significance as India aims to reduce its carbon footprint and the role that NTPC will be playing to go ahead and ensure India's smooth transition towards a net zero future.

As for NTPC's Renewables Commissioning Targets when comparing it to India's COP26 commitments, Bhargava said that the company plans to have at least 60 GW of capacity and this is out of the larger basket of around 400-odd GW of renewable capacity which the country will have out of the 500 GW. "So we are on track to do that and we are quite hopeful that we should be able to do that."

Bhargava also added that NTPC Green Energy is also working on a pipeline of just under 25-26 GW out of which about 8 GW, which is under construction. "We don't look at it only as energy transition, we also look at it in terms of how we can help the country change the landscape and move away from our primary fossil fuel-based system", he said referring to the role that the company can play in the transition.

Meanwhile, the share price of NTPC ended at Rs 336, down half a percent from the previous close on the NSE. The stock has gained nearly 33 percent in the last three months.