NTPC Green Energy, an arm of NTPC, has filed draft papers for an INR 10,000 crore ($1.19 billion) initial public offering. The IPO will include only a fresh issue, with no offer-for-sale component included.
NTPC Green Energy, an arm of NTPC, has filed draft papers for an INR 10,000 crore ($1.19 billion) initial public offering. The IPO will include only a fresh issue, with no offer-for-sale component included.
The company will use the IPO proceeds to repay the debt of its unit NTPC Renewable Energy Ltd. Part of the proceeds will also be used for general corporate purposes.
NTPC Vidyut Vyapar Nigam Ltd (NVVN) has invited bids from EPC contractors for setting up grid-connected rooftop solar PV projects (10-50 kW) on government/private buildings across India. The scope of work includes design, engineering, supply, construction, erection, testing, commissioning and 10 years operation and maintenance of grid-connected rooftop solar PV projects.
“The validity of the selection/empanelment of the rate contract of EPC contractors at L1 [lowest] rates discovered shall be nine months from the date of issue of intimation/selection by NVVN to the said contractors with a provision for extension of further period of three months,” stated NVVN.
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