Renewable energy firms prepare ₹25,000 crore IPO wave
India’s renewable energy companies are preparing initial public offerings worth more than ₹25,000 crore.
INOX Clean Energy will lead with a ₹6,000 crore issue, the country’s largest renewable IPO to date. Hero Future Energies, backed by KKR, is targeting ₹5,000 crore. Emmvee Photovoltaic and Juniper Green Energy are each seeking about ₹3,000 crore.
The push follows $11.8bn of renewable investment in the first half of 2025, the second-highest six-month inflow on record. The government’s ₹20 lakh crore clean energy plan by 2030 has increased demand for equity financing, which typically covers 20 per cent of project costs.
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