By bno - Mumbai Office NTPC Green Energy Limited (NGEL), a subsidiary of India’s state-owned power company NTPC Limited, has submitted a draft red herring prospectus (DRHP) for its planned INR100bn ($1.

India's NTPC Green Energy filed draft papers for a 100 billion rupees ($1.19 billion) initial public offering on Wednesday, as it looks to cash in on the country's renewables expansion plans and a red-hot equities market.

The IPO boom comes as India's rapid economic expansion makes it a bright spot amid challenges facing peers such as China

Suzlon Energy announced today (9 September) that it has secured India’s largest wind turbine order, totalling 1,166 MW, from NTPC Green Energy Ltd (NGEL), the renewables arm of the public sector energy giant, NTPC.

NTPC Green Energy, the renewable energy arm of India’s National Thermal Power Corporation (NTPC), has filed for an initial public offering (IPO) with the Securities and Exchange Board of India to raise $1.19bn. The IPO will consist solely of fresh equity shares, with no offer-for-sale aspect.

NTPC Green Energy, the renewable energy arm of NTPC, on Wednesday filed preliminary papers with capital markets regulator Sebi to raise Rs 10,000 crore through an initial public offering ( IPO ). The initial share-sale is entirely a fresh issuance of equity shares with no offer-for-sale (OFS) component,