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 also being transferred to NGEL, which will now be the main vehicle for its green energy ambitions.