EESL Plans to launch IPO

Energy efficiency services limited (EESL) is planning for its IPO of ₹ 5000 Cr. This is in pipeline since 2017.

EESL is a joint venture of NTPC, Rural Electrification Corp, Power Finance Corp (PFC), Power Grid Corp of India.

The Main objects of the issue will be : Installing new smart meters at various locations to measure accurate power consumption, To lease electric vehicles (EV), installing EV charging stations and general corporate purpose. The company is also planning to sell 2.5 Lakh A.C in phases with an budget of ₹ 200 Cr.

The IPO is expected in 2020.

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