India's NTPC plans to take green energy arm public in FY 2024/25 - exec

QUITOL, India (Reuters) -India's largest power producer NTPC Ltd expects its green energy arm to go public in the fiscal year ending in March 2025, a senior company executive said on Tuesday.

The state utility also plans to add 4 to 5 gigawatts (GW) of renewable power and 3 GW of coal-fired power capacity during the same period, said the executive, who declined to be identified as the information has not been made public yet.

NTPC's capital expenditures in FY2024/2025 are expected to reach 300 billion rupees ($3.61 billion), of which 220 billion rupees will be raised through loans and green bonds, the official said on the sidelines of the India Energy Week conference in Goa.

($1 = 83.04 Indian rupees)

(Reporting by Sudarshan Varadhan; Writing by Florence Tan; Editing by Kim Coghill and Christian Schmollinger)