NTPC Green Energy Limited (NGEL) achieved a significant milestone on its stock market debut, with its market capitalization surpassing ₹1 lakh crore.
The stock listed at ₹320, a 10% jump from its issue price of ₹290. This strong performance reflects investors’ confidence in the renewable energy arm of NTPC. NGEL plans to use its IPO proceeds to fund green energy projects, aligning with India’s renewable energy goals. With this achievement, NGEL is now among India’s top renewable energy firms, setting a benchmark for upcoming green IPOs.