NTPC Green Energy, the renewable energy arm of state-owned NTPC, garnered bids worth 154.06 billion rupees ($1.83 billion) on Friday for its $1.2 billion initial public offering, as investors bet on the country's growing clean energy needs.

The $1.2 billion initial share offering of the renewable-energy arm of top Indian power producer NTPC Ltd. was fully sold on the last day of its sale as investors clamor for exposure to the rapidly expanding sector.

NTPC Green Energy's $1.2 billion initial public offering, India's third-largest in 2024, was fully subscribed on the share sale's final day on Friday, as investors bet on the country's growing clean energy needs.