From IRCTC to IREDA, in the last few years, government companies have provided good earnings to those investing in the stock market. Now the government is going to list another public sector company in the stock market, which means you may get another earning opportunity soon.
‘DIPAM’, the department that makes strategies for disinvestment of government companies, has approved the listing of NTPC Green Energy Limited (NGEL), a subsidiary of government power company NTPC, in the stock market.
The company will raise Rs 10,000 crore
According to the information given by DIPAM, NGEL will raise up to Rs 10,000 crore from this listing in the stock market. However, it has not been made clear yet whether the government will come to the market with an IPO of this company or there is a plan to list it through some other means.
Big announcement may happen after March
Quoting sources, the agency has reported that the government may take steps after March to list NTPC Green Energy Limited. The proposal to list NGEL was sent by NTPC, which has received approval from the Department of Investment and Public Asset Management (DIPAM) of the government.
Will expand green energy in the country
NGEL will use this amount to meet the needs of energy transition and pursue green energy projects. NTPC Chairman and MD Gurdeep Singh had said last month that the company is focusing on listing its green energy segment business in the next 1-2 years. He sees the possibility of greater demand for electricity in the future.
The company has set a target of generating 60,000 MW electricity from green energy by 2030. Currently the company produces more than 3,400 MW of green energy.
