The successful IPO of the Indian Renewable Energy Development Agency (IREDA) was followed by the listing of NTPC Green Energy, which was hailed as a significant milestone in nation building.
NTPC Green, a wholly-owned subsidiary of NTPC, raised Rs 10,000 crore from investors through its IPO. The shares of NTPC Green debuted with a 3% gain and quickly surged to the upper circuit limit of 10% in early trading, resulting in a market capitalization of Rs 1 lakh crore.
These developments were seen as important contributions to the renewable energy sector and the broader goals of public sector enterprises in India.