The government is reportedly set to accelerate the initial public offerings (IPOs) of green energy subsidiaries of select public sector undertakings (PSUs)
next year. According to sources cited by ET NOW, the Department of Investment and Public Asset Management (DIPAM) plans to prioritise at least two such listings in 2026, with NLC Green taking precedence in the first half of the year, followed by SJVN Green in the second half. The step has been taken amidst favorable market conditions, which DIPAM believes are ideal for these listings. Sufficient time will be allowed between the two listings to ensure a smooth process and avoid market congestion. Both SJVN and NLC India have already begun preparatory work on the listing procedures, indicating advanced internal planning, as per ET Now.
Govt may fastrack listing of PSUs green arms in 2026
The Indian government, through the Department of Investment and Public Asset Management (DIPAM), is likely to accelerate the listing of green energy subsidiaries of Public Sector Undertakings (PSUs) next year, focusing on NLC Green and SJVN Green.
- Listing of PSUs' green arms likely to gather momentum in 2026
- DIPAM plans at least two listings of PSU green arms in 2026.
- DIPAM will speed up the process for the listing of SJVN Green and NLC Green.
- However, a sufficient gap will be maintained between the two listings.
- SJVN and NLC have already started working on the listing process.
- Listing of NLC Green will be given priority.
- Listing of NLC Green is likely in the first half and SJVN Green in the second half of 2026.
- DIPAM feels prevailing market conditions are favourable for listing.
- SJVN plans to raise approx Rs 4,000 crore through the listing of its green arm.
- NLC plans to ramp up its renewable energy capacity from 1.4 GW to 6 GW.
As of now, no official announcements have been filed by SJVN or NLC India on the BSE or NSE regarding these listing plans.
