NTPC Green Energy Ltd IPO: A Promising Investment in Renewable Energy

NTPC Green Energy Ltd (NGEL), a subsidiary of NTPC Ltd, is preparing to launch its IPO, focusing on large-scale solar and wind energy projects.

NGEL currently has a portfolio of 16,896 MW, consisting of 3,320 MW of operational projects and 13,576 MW of contracted and awarded projects.

The company is also progressing with 9,175 MW in capacity, bringing its total potential to 26,071 MW.

NGEL is currently constructing 36 renewable energy projects across six states.

The energy demand in India is expected to increase by approximately 5.5-6.0% over the next five years due to infrastructure investments and government reforms in the power sector.

NGEL"s IPO is priced at a P/Bv of 4.9x based on FY25E annualized financials, which is considered to be fairly valued.

Analysts recommend a "Subscribe" rating for the IPO, highlighting NGEL"s strong brand recognition, execution capabilities, and commitment to next-generation energy solutions, including Battery Energy Storage Systems and Green Hydrogen derivatives.

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