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QUITOL, India (Reuters) -India's largest power producer NTPC Ltd expects its green energy arm to go public in the fiscal year ending in March 2025, a senior company executive said on Tuesday.
The state utility also plans to add 4 to 5 gigawatts (GW) of renewable power and 3 GW of coal-fired power capacity during the same period, said the executive, who declined to be identified as the information has not been made public yet.
NTPC's capital expenditures in FY2024/2025 are expected to reach 300 billion rupees ($3.61 billion), of which 220 billion rupees will be raised through loans and green bonds, the official said on the sidelines of the India Energy Week conference in Goa.
($1 = 83.04 Indian rupees)
(Reporting by Sudarshan Varadhan; Writing by Florence Tan; Editing by Kim Coghill and Christian Schmollinger)