NTPC Green Energy Limited IPO (NTPC Green Energy Limited IPO) Details

NTPC Green Energy Limited (NGEL), incorporated in April 2022, is a wholly-owned subsidiary of NTPC Limited, dedicated to renewable energy initiatives across India. The company is strategically positioned to lead in the renewable sector by executing projects through organic expansion and strategic acquisitions. NGEL’s operations span solar and wind power generation, serving both public and private sector clients with a commitment to supporting India's clean energy transition.

Key Business Operations

• Operational Capacity: As of August 31, 2024, NGEL manages an operational capacity of 3,071 MW from solar projects and 100 MW from wind projects across six Indian states.
• Project Portfolio: As of June 30, 2024, NGEL’s project portfolio includes a total capacity of 14,696 MW, comprising 2,925 MW of active projects and 11,771 MW in various stages of development. This includes 31 renewable energy projects under construction across seven states.
• Off-Taker Network: The company works with 15 off-takers across 37 solar and 9 wind projects, solidifying its role in supplying renewable energy across India.

Competitive Strengths

• NTPC Backing: As a subsidiary of NTPC Limited, a public sector powerhouse established in 1975, NGEL benefits from NTPC’s extensive experience in large-scale energy project execution, robust financial strength, and longstanding relationships with suppliers and off-takers.
• Skilled Workforce: With 234 employees and 45 contract laborers as of June 2024, NGEL is staffed by a seasoned team adept in renewable energy project execution.
• Financial Performance: Supported by NTPC’s financial backing, NGEL has delivered strong EBITDA and PAT margins over the last two years, outperforming industry peers in profitability and operational efficiency.

Vision and Market Position

NGEL aims to become a key player in India’s renewable energy sector by developing utility-scale solar and wind projects. Its portfolio’s growth, from operational projects to those under construction, underscores its commitment to expanding India’s renewable energy infrastructure and reducing reliance on fossil fuels.