By earn 
NTPC Green Energy’s Initial Public Offering
NTPC Green Energy has taken a significant step by filing its draft red herring prospectus for an initial public offering (IPO) aimed at raising ₹10,000 crore. This IPO will consist solely of a fresh issue and notably does not include any offer-for-sale component. This move is part of NTPC’s strategy to enhance its financial position and expand its operations in the renewable energy sector.
Debt Reduction by Reliance Infrastructure
In a remarkable development, Reliance Infrastructure and its subsidiary, Reliance Power, have made substantial progress in reducing their debt levels. Reliance Infrastructure has managed to lower its standalone external borrowing by approximately 87.6%, bringing the total down to ₹475 crore from ₹3,831 crore as of June 2024. This reduction not only reflects effective financial management but also positions the company for future growth opportunities in various sectors.
IREDA’s Equity Share Issue Approval
The Indian Renewable Energy Development Agency (IREDA) has recently received approval from the Department of Investment and Public Asset Management (DIPAM) to raise up to ₹4,500 crore. The funds will be raised through a qualified institutional placement (QIP), which will aid IREDA in supporting renewable energy projects across India. This initiative is vital for bolstering investments in clean energy and meeting the country’s ambitious renewable energy targets.
Moreover, TCS has also enhanced its portfolio by signing a two-year partnership with Golden Archies Development Corporation (GADC), the master franchise holder of McDonald’s in the Philippines, demonstrating the continued growth of Indian companies in international markets.
