Monitoring Agency Report issued by CARE Ratings Limited for the utilization of funds raised through Initial Public Offer for quarter ended June 30, 2025 is enclosed
NTPCGREEN · price
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NTPC Green Energy Limited filed the CARE Ratings Monitoring Agency Report for IPO proceeds of Rs. 10,000 crore raised in November 2024. As of June 30, 2025, the company has utilized Rs. 6,650 crore and parked the remaining Rs. 3,350 crore in fixed deposits. Of the three IPO objects — Rs. 7,500 crore for subsidiary NREL loan repayment, Rs. 2,446.49 crore for general corporate purposes (GCP), and Rs. 53.51 crore for issue expenses — only NREL investment saw no new deployment this quarter (still at Rs. 4,150 crore utilized), while GCP and issue expenses are fully accounted for. Under GCP, Rs. 2,352.86 crore was deployed into the ONGC-NTPC Green joint venture for the Ayana Renewable Power acquisition, and Rs. 102.47 crore was used for interest servicing. The unutilized Rs. 3,350 crore sits in FDs with PNB (Rs. 2,010 crore, 9.09%) and Yes Bank (Rs. 1,340 crore, 6.16%), both maturing December 5, 2025. CARE confirmed no deviation from stated objects and no unfavorable events affecting viability.
The report shows funds are being deployed broadly on track as per the IPO plan, with the NREL loan repayment component still halfway through and parked in bank FDs earning solid returns. For shareholders, this is a routine compliance filing with no red flags — no deviations, no major delays, and deployment into the Ayana Power acquisition signals growth-capital usage aligned with disclosed objects.