State-run NTPC Ltd has started the groundwork to hold initial share sales of its units NTPC Vidyut Vyapar Nigam Ltd (NVVN) and NTPC Renewable Energy Ltd (NTPC REL), with merchant bankers making preliminary presentations, said two people aware of the development. NVVN and NTPC REL are expected to be among the first clean energy firms to list on the domestic bourses. NTPC plans to invest ₹1 trillion between 2019 and 2024 to become a 130GW power producer by 2032. “The plan involves listing NVVN and NTPC REL. NTPC REL, on its part, has been bidding aggressively to set up solar projects.

Source: Hindustan Times August 17, 2021 00:22 UTC