Energy Efficiency Services Ltd. (EESL), a joint venture owned by state-run NTPC Limited (NSEI:NTPC), Power Finance Corporation Limited (NSEI:PFC), REC Limited (NSEI:RECLTD) and Power Grid Corporation of India Limited (NSEI:POWERGRID), are considering listing its shares on the stock exchanges, said two people aware of the developments. The talks are currently in the initial stages for a public listing including an offer for sale from the promoters. Listing is seen as a better option compared to a strategic sale or a private placement of shares," one person said.
The development comes when the company has been struggling to collect dues from states under key energy efficiency schemes including the National Street Lighting Programme. EESL's promoters and the power ministry did not respond to the queries sent on Monday. "Questions may be sent to promoters since we are not aware of it," an EESL spokesperson said.
The plan to list the shares of EESL comes as renewable energy and energy transition-focused companies hit the stock markets.
