NTPC Green Energy, the renewable energy arm of the state-owned National Thermal Power Corporation (NTPC), is gearing up to launch its highly anticipated initial public offering (IPO) worth Rs 10,000 crore.

NTPC's performance in the last two years has largely been driven by its growing renewable energy (RE) business, which is expected to go public in the first half of FY2025.

ICICI Securities maintained its 'Buy' rating on NTPC with a target price of Rs 495. It said teh country is witnessing strong power demand growth and expects the

NTPC Green Energy filed preliminary documents with financial markets regulator Sebi to raise Rs 10,000 crore through an IPO.