NTPC, IndianOil and Coal India Gear Up for ₹6,000 Crore Hindustan Urvarak & Rasayan IPO Under Asset Monetisation Plan

As per The Mint report, NTPC Ltd, Indian Oil Corporation Ltd, and Coal India Ltd are gearing up to list their joint venture, Hindustan Urvarak & Rasayan Ltd (HURL), aiming to raise ₹6,000 crore in FY27. This move is part of the Centre's asset monetisation plan. 

Hindustan Urvarak & Rasayan IPO Details 

HURL, established in 2016, focuses on setting up urea plants in Sindri, Barauni, and Gorakhpur. NTPC, IndianOil, and Coal India each hold a 29.67% stake in the firm, with Fertiliser Corporation of India Ltd (FCIL) and Hindustan Fertilizer Corporation Ltd (HFCL) holding the remaining 11%. The IPO aims to offload a 10-11% stake to achieve the ₹6,000 crore target. 

Why the Timing Matters 

The offering comes amidst global instability in fertiliser supplies due to tensions in West Asia. India’s reliance on imports accentuates the significance of bolstering domestic production capabilities through ventures such as HURL. 

Additional Listings 

As per the report, NTPC also intends to list its subsidiaries, North Eastern Electric Power Corp. Ltd (NEEPCO) and THDC India Ltd (THDC).  

The proposed listing requires approval from the Department of Investment and Public Asset Management, which governs India’s equity stakes in public sector enterprises. 

Read More: SEBI Grants IPO Approval to Zepto, Dhoot Transmission and Four Other Companies! 

Conclusion 

The planned ₹6,000 crore IPO of Hindustan Urvarak & Rasayan by NTPC, IndianOil, and Coal India marks a significant development in asset monetisation strategies by public sector enterprises. The initiative seeks to strengthen domestic fertiliser production amidst volatile global supply conditions. 

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