The Company’s market cap crosses Rs 1 trillion mark on debut
Mumbai, November 27, 2024: Shares of NTPC Green Energy Limited closes 13.66% higher on debut and as a result the market cap crossed Rs 1 trillion mark.
The scrip listed Rs 111.60 per share on BSE, a premium of 3.33% and Rs 111.50 per share on NSE, a premium of 3.24%. The company’s share price closed at Rs 122.10 per share on the BSE, a premium of 13.06% and at Rs 121.25 per share on the NSE, a premium of 12.27%.
As per NSE, the total quantity traded stood at 3,009.61 lakh shares, on BSE the total Quantity stood at 343.59 lakh shares. Total Turnover (BSE+NSE) on Day 1 stood at Rs 4,001.70 crore.
The Market Capitalization of the Company at today’s closing price stood at Rs. 1,02,885.49 Crore as per BSE and Rs. 1,02,169.25 Crore as per NSE.
The company had offered Rs 10,000 crore issue for subscription from November 19 to November 22. This garnered substantial interest, and the offer was subscribed 2.55 times. Qualified Institutional Buyer Portion was subscribed 3.51 times. Retail Portion and Non-Institutional Investors Portion were subscribed 3.59 times and 0.85 times respectively. Reservation Portion was subscribed 1.67 times. Employee Portion was subscribed 0.83 times.
NTPC Green Energy is the largest renewable energy public sector enterprise (excluding hydro) in terms of operating capacity as of September 30, 2024 and power generation in Fiscal 2024, according to a CRISIL Report, November 2024. Its renewable energy portfolio encompasses both solar and wind power assets with presence across multiple locations in more than six states which helps mitigate the risk of location-specific generation variability. Its operational capacity was 3,220 MW of solar projects and 100 MW of wind projects across six (6) states as of September 30, 2024.
As of September 30, 2024, its “Portfolio” consisted of 16,896 MWs including 3,320 MWs of operating projects and 13,576 MWs of contracted and awarded projects. Its Capacity under Pipeline together with its Portfolio consisted of 26,071 MWs. It had 17 offtakers across 41 solar projects and 11 wind projects.
It is strategically focused on developing a portfolio of utility-scale renewable energy projects, as well as projects for public sector undertakings (“PSUs”) and Indian corporates. The projects generate renewable power and feed that power into the grid, supplying a utility or offtaker with energy. For its operational projects, we have entered into long-term Power Purchase Agreements (“PPAs”) or Letters of Award (“LoAs”) with an offtaker that is either a Central government agency like the Solar Energy Corporation of India (“SECI”) or a State government agency or public utility.
As of September 30, 2024, its Capacity under Pipeline together with its Portfolio consisted of 26,071 MWs.
NTPC Green Energy’s revenue from operations has grown at a CAGR of 46.82% from ₹910.42 crore in Fiscal 2022 (on a special purpose carved-out basis) to ₹1,962.60 crore in Fiscal 2024 (on a restated basis). Its Operating EBITDA has grown at a CAGR of 48.23% from ₹794.89 crore in Fiscal 2022 (on a special purpose carved-out basis) to ₹1,746.47 crore in Fiscal 2024 (on a restated basis). Its Profit After Tax has grown at a CAGR of 90.75 % from ₹94.74 crore in Fiscal 2022 (on a special purpose carved-out basis) to ₹344.72 crore in Fiscal 2024 (on a restated basis).
For the six months ended September 30,2024, revenue from operations stood at Rs 1082 crore and profit after tax stood at Rs 175.30 crore.
