NTPC Green Energy Limited — Others, 14-05-2025: Monitoring Agency Report

NTPC Green Energy Limited has announced a board meeting to consider the financial results for the quarter and half-year. CARE Ratings Limited, monitoring the Rs. 10,000 crore IPO proceeds, reported no deviations in fund usage. Proceeds partially repaid borrowings of NTPC Renewable Energy Limited, covered interest payments of Rs. 102.47 Cr, and supported strategic investments including Rs. 2,344.02 Cr in a joint venture with ONGC for acquiring Ayana Power. Unutilized funds of Rs. 3,358.84 Cr remain in fixed deposits yielding 6.6%-7.7%. Project execution is progressing as planned without issues.