Tata Power Co. is the leading brand among the various energy sector companies. It is one of the largest conglomerates of the Tata group. Here is the info about Tata Power Renewable Energy IPO. For many years company has generated huge revenue with amazing profit and even now it is planning to raise huge investments through the Initial Public Offer (IPO) which will be going to raise about 35 billion rupees ($473 million). Here is the complete information about this upcoming IPO 2021.
Tata Power Renewable Energy IPO Date, Price, Review
The current information says that Tata Power will make further plans regarding this IPO once the board approves this proposal. When the proposal gets approval the listing of Tata Power could take place as soon as possible this year. The listing of the shares will be done on the Indian exchanges.
As we suppose, now many of you want to know the exact date and timing of Tata Power IPO and other such detail like Allotment, GMP, Issue Size is still yet to be disclosed. But your excitement should remain the same to welcome this energy sector IPO 2021. When the official details come on the internet we will add more details about this IPO such as dates, price, allotment and listing.
Recently it was found that Tata Power Co. is deliberately planning to list its green power business and make it India’s renewables sector company. They want to grow rapidly and serve the best ever services to the country. The Indian Prime Minister Narendra Modi also dreams of shifting the country towards the use of renewable power five times over the next decade.
This green power subsidiary company of Tata Group has a generating capacity of 12.8 gigawatts, about 30% of which comes from clean energy. Its projects include solar power generation, installation, manufacturing and maintenance, as well as wind power generation.