The company plans to build 60 GW of renewable energy capacity by 2032 as part of a broader transformation from a conventional power producer into a diversified and integrated energy company.
The proposed IPO will comprise entirely fresh shares, with parent Sembcorp Industries not selling any stake through the offering
According to the company, the transaction has reduced borrowing costs by about 150 basis points across the issuing SPVs
The state-run power giant has cleared a major investment to expand its thermal power capacity, reinforcing its role in meeting India's rising electricity demand
