Monitoring Agency Report issued by CARE Ratings Limited for the utilization of funds raised through Initial Public Offer for quarter ended March 31, 2025 is enclosed.
NTPCGREEN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
NTPC Green Energy has submitted the Monitoring Agency Report from CARE Ratings for the quarter ended March 31, 2025, tracking the use of its Rs. 10,000 crore IPO proceeds raised in November 2024. Of the total, Rs. 6,641 crore has been utilized so far, with Rs. 3,359 crore still unutilized and parked in fixed deposits earning around 7.7% interest. The company has deployed Rs. 4,150 crore into subsidiary NTPC Renewable Energy Limited (NREL) for loan repayment, fully used the Rs. 2,446 crore earmarked for general corporate purposes — including Rs. 2,344 crore for acquiring Ayana Renewable Power through a joint venture with ONGC Green — and spent Rs. 44.67 crore on issue expenses. CARE Ratings confirmed no deviation from stated objects and no major changes from earlier reports.
This is a routine compliance disclosure with no negative findings — funds are being used as promised, including the strategic Ayana Power acquisition. Investors get comfort that the company is on track, though Rs. 3,350 crore in unutilized proceeds means capital deployment for NREL loan repayment is still ahead.