Joint venture between Power Grid Corporation of India Limited (BSE:532898), NTPC Limited (NSEI:NTPC), Power Finance Corporation Limited (NSEI:PFC), and REC Limited (NSEI:RECLTD), known as Energy Efficiency Services Limited (EESL) is planning to get listed. Saurabh Kumar, Managing Director of EESL said, “We are considering an IPO in the second half of next financial year. We will be having a paid up capital of INR 10 billion by the end of this financial year (April 2018-March 2019).

We are looking to dilute 20% of this.”