NTPC Green Energy files draft papers for around Rs 10,000 crore IPO

Shares of the PSU stock NTPC rallied 3.5 per cent to its day’s high of Rs 428.70 on BSE after the company’s subsidiary NTPC Green Energy filed draft papers for a Rs 10,000 crore initial public offering (IPO) on Wednesday.

The company will only issue new shares and existing shareholders will not sell any stake, according to the draft papers.

The filing also comes at a time when power producers are betting big on renewables and making pledges to expand their green energy capacities.