{"id":1380,"date":"2019-10-10T23:12:03","date_gmt":"2019-10-10T17:42:03","guid":{"rendered":"http:\/\/www.bazaarindicator.com\/news\/?p=1380"},"modified":"2019-10-10T23:12:03","modified_gmt":"2019-10-10T17:42:03","slug":"eesl-is-planning-to-launch-ipo-crore","status":"publish","type":"post","link":"http:\/\/www.bazaarindicator.com\/news\/eesl-is-planning-to-launch-ipo-crore\/","title":{"rendered":"EESL is Planning to Launch an IPO worth INR 5,000 Crore: Report"},"content":{"rendered":"<p style=\"text-align: jusitfy;\">The state-run EESL (Energy Efficiency Services) is planning to launch its initial public offering (IPO) worth INR 5,000 crore, as per the mint report. The proceeds from this IPO will be utilized to lease electric vehicles &amp; install smart meters to measure power consumption, according to the report.<\/p>\n<p style=\"text-align: jusitfy;\">EESL is a joint venture set up by major 4 companies, Rural Electrification Corp, NTPC, Power Finance Corp (PFC) &amp; Rural Electrification Corp (REC) &amp; power Grid Corp.<\/p>\n<p style=\"text-align: jusitfy;\">The energy company is expected a profit of approx. INR 200 crore on revenue of INR 4,000 crore in the financial year 2020. EESL\u2019s debut on the stock exchange has been in the pipeline for 2 years.<\/p>\n<p style=\"text-align: jusitfy;\">EESL aims to sell 2.5K efficient air conditioners (ACs) in 2 phases and will invest INR 200 crore for this project. Along with this, the company is also setting up charging stations (for EV) in Kolkata, West Bengal.<\/p>\n<p style=\"text-align: jusitfy;\">However, the company hasn\u2019t published an official statement about launching the Initial Public Offer yet.<\/p>\n<p style=\"text-align: jusitfy;\">Stay connected with our blog to get the fastest updates of Indian Share Market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The state-run EESL (Energy Efficiency Services) is planning to launch its initial public offering (IPO) worth INR 5,000 crore, as&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1381,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EESL is Planning to Launch an IPO worth INR 5,000 Crore<\/title>\n<meta name=\"description\" content=\"The 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