This is among the tenders floated for developing 2000 MW ISTS-connected solar projects across the country.
This implies that roughly 183 million of the company's shares, which were previously locked in and not allowed to be sold, will now be available for purchase.
The deal was an auction by the Solar Energy Corporation of India (SECI) held on 9 December 2024.
The market capitalisation of NTPC's green energy division reached Rs 1 lakh crore on the same day that its shares were listed.
In addition to debt repayment and other basic business needs, the Rs 10,000 crore IPO proceeds will be invested in its wholly-owned subsidiary, NTPC Renewable Energy.
The development occurs ahead of NTPC Green Energy's market debut on Wednesday. On November 22, the last day of subscriptions.
The IPO saw 2.42 times subscription overall.
As announced by CM N. Chandrababu Naidu, it is likely to generate 106,000 jobs and bring ₹20,620 crore worth of financial benefits over 25 years.
The company is a central public sector enterprise with 'Maharatna' status that is into renewable energy projects like solar and wind across six states.
NTPC Green Energy Ltd (NGEL), a Maharatna PSU and subsidiary of NTPC Ltd, focuses on renewable energy assets, including solar and wind power projects.
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