NTPC Green Energy Files $1.2B IPO to Expand Renewable Operations

NTPC Green Energy, the renewable arm of state-owned NTPC, filed draft papers for a $1.2 billion IPO. The company will issue only new shares, using proceeds to repay ₹75 billion in loans. This move aligns with India's clean energy expansion plans, aiming to boost renewable capacities and diversify NTPC's energy portfolio amid a booming IPO market and strong investor demand.