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4 IPOs, 2 FPOs in power ministry's five-year monetisation pipeline
Business Standard
|March 26, 2025
In the next five years, mega public sector enterprises (PSEs) of the power sector would hit the market to raise money through public listing, follow-on public offering (FPO), and refinancing routes.
The Union Ministry of Power has drafted an asset monetisation plan totalling up to ₹80,000 crore as part of the Centre's flagship National Monetisation Plan (NMP) 2.0 to run from financial year 2025-26 (FY26) to FY30.
The ministry's NMP has proposed listing three of its PSEs—hydropower companies THDC and NEEPCO, and SGEL, the green energy arm of another hydropower company SJVN. The ministry has estimated an offering of ₹1,000 crore each for THDC and NEEPCO, and ₹2,000 crore for SGEL, according to the proposed plan.
NTPC currently has the controlling stake in THDC and NEEPCO. Business Standard has reviewed a copy of the proposal. Queries sent to the power ministry remained unanswered until the time of going to press.
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