Fibe Aims for ₹1,500 Crore IPO, Eyes Billion-Dollar Valuation by 2026...
08 Aug, 2025
The renewable energy subsidiary of NLC India, NLC India Renewables Limited (NIRL), is about to take a giant step in the green energy space in the country as it announced plans to issue an initial public offering (IPO) of 4,000 crore in the second quarter of the financial year 2026-27. The IPO aims to partly fund large-scale growth that is projected to increase the current installed capacity of NIRL of 1.4 GW to 10 GW by 2030.
NLC India’s dedicated subsidiary company that focuses on renewable energy, NLC India Renewables Limited (NIRL), is now ready to make an initial public offering (IPO) of 4,000 crore. The IPO will take place during the second quarter of FY27 (July-September 2026) after the intended filing of the Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) in the first quarter of FY27. It is the intention of the company, as stated by its Chairman and Managing Director, Prasanna Kumar Motupalli, to finish all the required financial and legal due diligence by March 2026, which will make it ready to increase its renewable assets at a high rate following the listing.
The IPO of 4,000 crores is only a small component of a larger and longer-term financial plan. To meet the target of 10 GW in its renewable capacity by 2030, NLC India will spend between 50,000 and 60,000 crore. The capital expenditure will be financed through a mix of equity and debt, with the equity being financed using internal resources and IPO proceeds. The Cabinet Committee on Economic Affairs (CCEA) had recently granted NLC India a special dispensation of normal investment rules, permitting a direct investment of 7,000 crore rupees in NIRL. This will allow the company to invest in projects directly or in joint ventures without the administrative delays that are normally applicable to most Navratna Central Public Sector Enterprises.
The main aim of the 4,000 crore IPO is to partly finance the huge increase in the renewable energy capacity of NIRL. The proceeds will go directly to investments in new solar, wind and hybrid projects as NLC India looks to increase its green portfolio by over seven times within the next five years. This program will assist NLC India in establishing itself as a significant contributor to the clean energy future of India, contributing to national goals of non-fossil fuel energy and filling the gap between traditional and renewable power sources.
The IPO of NIRL will likely attract considerable interest among institutional and retail investors, allowing them to have a direct interest in the green transition in the country. The IPO will not only assist NLC India to raise capital but will also increase transparency, corporate governance and market discipline in its renewable projects. With NLC India shifting its gears towards renewable energy and becoming a renewable giant, the IPO highlights the importance of the company in determining the energy mix of India in the upcoming decades.
The proposed IPO of NLC India NIRL is a revolutionary move towards the company becoming a leader in clean energy. With huge capital investment and special government incentives, NLC India will be able to fast-track the scale and speed of its renewable rollout. Having a strong financial structure and an aggressive capacity expansion strategy, the public offer of NIRL represents not only a new dawn for NLC India, but also a milestone of the Indian renewable aspirations in general.
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