NTPC, a state-run power generation company, is focusing on expanding its renewable energy business with plans to list NTPC Green through a Rs 10,000 crore IPO. The IPO proceeds will be used to fund projects in solar, green hydrogen, and green ammonia. In a recent concall, NTPC shared its strategy to target new thermal orders worth 15.2 GW in the coming years, indicating an ambitious growth trajectory. Additionally, the company aims to increase its thermal capacity by awarding 10.4 GW worth of orders in FY25 and expects to commission 2.8 GW of thermal power projects in the same fiscal year. Analysts are optimistic about NTPC's market position, considering its significant share in India's power generation and the country's plans to add substantial renewable energy capacity annually. NTPC Green, established as a wholly owned subsidiary in 2022, seeks to consolidate NTPC's renewable energy assets and create value through the upcoming IPO.