Shares of India's NTPC Green Energy, the renewable energy arm of power producer NTPC, jumped as much as 14% in their trading debut on Wednesday, as investors bet on the country's growing clean energy needs.

The company’ prospects in the renewable energy space make it a suitable option for long term investors, say analysts.

NTPC Green Energy shares debuted on November 27 at ₹111.50, reflecting a modest premium. Despite a subdued start, the stock rose to ₹122.65, with analysts recommending a long-term investment strategy due to strong fundamentals in India’s renewable energy sector.

India's NTPC Green Energy, the renewable energy arm of power producer NTPC climbed 3.24% in pre-open debut trade on Wednesday as traders bet on the country's growing clean energy needs. The stock listed at 111.

NTPC Green Energy made its debut on the stock market on Wednesday, November 27, with a somewhat lukewarm reception.

In addition to debt repayment and other basic business needs, the Rs 10,000 crore IPO proceeds will be invested in NTPC Renewable Energy.

The much-awaited IPO was listed on6, 2024. Maharatna PSU NTPC-backed NTPC Green Energy debuted by more than 3% on BSE and NSE after its Rs 10,000 crore IPO was fully subscribed last week.

NTPC Green Energy shares rose in their trading debut after it raised more than $1 billion in its initial public offering, becoming the latest Indian company to tap a buoyant equity market. Shares were recently at 122.

NTPC shares rose 2.3%, while NTPC Green Energy debuted with a 3.25% premium. Experts recommend holding for long-term growth amid the company’s expansion into renewable energy and storage.

A wholly subsidiary of NTPC Limited, NTPC Green Energy Limited has partnered with Maharashtra State Power Generation Company Limited (MAHAGENCO), the company on Tuesday (November 26) announced through an exchange filing.