ArcelorMittal, Malaysia’s Petronas keen to pick stake in NTPC's renewable arm
NTPC proposes to raise Rs 2,000 crore equity through a private placement that would be followed by an initial public offering by the green energy arm. Indias NIIF and Abu Dhabi-listed TAQA are also in the race for a stake, a company official said. “We have received good response for our EoI. We will now firm up our offer and call bids from these bidders in a months time,” the official said.