NTPC, IndianOil, Coal India Plan ₹6,000-Crore IPO for Hindustan Urvarak & Rasayan
Government's Asset Monetization Plan Takes Shape: NTPC, Indian Oil, Coal India to List Joint Venture
The Indian government's asset monetization plan has gained momentum, with NTPC Ltd, Indian Oil Corporation Ltd, and Coal India Ltd planning to list their joint venture, Hindustan Urvarak & Rasayan Ltd (HURL), in fiscal year 2027 (FY27). According to two people familiar with the matter, the listing is expected to raise up to ₹6,000 crore.
The move is part of the government's efforts to monetize its assets and generate revenue. By listing HURL, the three state-owned companies aim to tap into the capital markets and raise funds for their future projects and initiatives. The listing is expected to be one of the key highlights of the government's asset monetization plan in the coming year.
Details of the listing are still in the early stages, but it is expected to be a significant development for the Indian corporate landscape. The listing of HURL will also provide an opportunity for retail investors to invest in the company and benefit from its growth prospects.
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
| Company | Current Market Value | Expected Listing Value |
|---|---|---|
| Hindustan Urvarak & Rasayan Ltd (HURL) | ₹X | ₹6,000 crore |
Note: The current market value of HURL is not available as it is a private company. The table is provided for illustrative purposes only.
Investor Takeaway
Investors should be aware of the potential for increased market activity related to the IPO.
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