NTPC's performance in the last two years has largely been driven by its growing renewable energy (RE) business, which is expected to go public in the first half of FY2025.

NTPC Green Energy, a subsidiary of state-owned power giant NTPC, is likely to bring its initial public offering (IPO) to raise Rs 10,000 crore in first week of November, a source said.

NTPC Green Energy has the third-largest contracted capacity of 15GW, after Adani Green (27GW) and Renew Power (16GW). Its portfolio consists primarily of utility-scale projects.

NTPC Green Energy aims to raise Rs 10,000 crore through this public issue, which will consist solely of a fresh issue without any offer-for-sale component.

The company plans to conduct roadshows in various locations across India and abroad, including Mumbai, London, US, Singapore, and other regions, to attract investments.

ICICI Securities maintained its 'Buy' rating on NTPC with a target price of Rs 495. It said teh country is witnessing strong power demand growth and expects the