According to Aditya Birla Capital Ltd., the preferential issuance would take place at a cost of Rs 165.1 per equity share and is pending approval from shareholders.
The floor price for the two-day OFS is set at ₹225 per share.
However, there will be no impact on the thermal power sector.
Analysts of IIFL Securities see Power demand growing at 5-7% in FY24, even if some industrial load switches back to captive units.
Recommendation: Add; Target Price: Rs 600
The Confederation of Indian Industry's (CII) Green Business Centre developed the GreenPro ecolabel.
Recommendation: Add; Target Price: Rs 165
India's steel demand is projected to reach 136.97 MT in FY25, growing at 6.3%.
The 130 MW plant in Gujarat's Kutchh secures a 25-year PPA with SECI at Rs 2.83/kWh.
NTPC is also planning to come up with initial public offering for its renewable energy arm NTPC Green Energy Ltd (NGEL) to raise funds