The fund raise will be via secured / unsecured, taxable / tax free, cumulative, bonds / NCDs in one or more tranches.
Earlier this month, The NTPC Ltd
subsidiary, said it had partnered with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) to incorporate a new company—NTPC-MAHAPREIT Green Energy Limited—to develop, operate, and maintain renewable energy parks across India.
The joint venture is formulated with NTPC Green Energy holding 74% stake and MAHAPREIT owning the remaining 26% stake.
The entity will focus on setting up Ultra Mega Renewable Energy Power Parks (UMREPP) and other solar, wind and hybrid projects, with or without storage, totalling up to 10 GW in capacity.
The project will primarily cover Maharashtra but may expand to other states
Shares of NTPC Green Energy Ltd were trading 0.64% higher at ₹107.95 apiece around 12.05 pm on Thursday, April 24. The stock has declined 15.41% this year, so far.
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