Tata Power Co. is the leading brand among the various energy sector companies. It is one of the largest conglomerates of the Tata group. For many years company generating huge revenue with amazing profit and even now it has 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.
The current information saying 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.
As we supposing, now many of you want to know the exact date and timing of Tata Power IPO and another 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.
Recently it was found that Tata Power Co. is deliberately planning to list it green power business and make it India’s renewables sector-top company. They want to grow rapidly and serve the best ever services to country.
The Indian Prime Minister Narendra Modi also dreams to shift the country towards the use of renewable power five times till the next decade.
This green power subsidiary company of Tata Group has 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.