International Journal of Science, Engineering and TechnologyAuthors: Vunyala Pravalika, Dr. K. Famitha Begum
Abstract: Aims: To examine investor perception of market-based financing instruments such as green bonds, Qualified Institutional Placements, Offer for Sale disinvestment and ESG-linked bonds used by Oil and Natural Gas Corporation (ONGC), National Thermal Power Corporation (NTPC) and Coal India Limited (CIL) to fund India’s energy transition. Evaluate the influence of government backing and disinvestment transparency on investor confidence. Assess the effect of dividend yield and return expectations on investor perception. Assess the influence of ESG and sustainability disclosures on investor confidence towards the three public sector energy undertakings. Hypothesis: Demographic variables are not significantly associated with investor perception towards market-based financing instruments of ONGC, NTPC and Coal India. Approach: The purpose of the research methodology is to resolve the research problem through a scientific evaluation of the research topic, namely investor perception of market-based financing for India’s energy transition among ONGC, NTPC and Coal India investors. The term “required primary data” refers to data that is original, suitable for questionnaire-based survey procedures, and generates high accuracy through structured discussions with respondents. Secondary data for this study have already been collected for a specific purpose from annual reports, stock exchange filings, business journals, newspapers, websites and prior theses. Examination: The Test of Satisfaction towards market-based financing instruments and the Test of F values for investment amount and age furnished by the perception of investors towards ONGC, NTPC and Coal India. Nevertheless, this demonstrates that investors in the 36-45 years age group and those investing between Rs. 50,001 and Rs. 1,00,000 annually are more likely to be affected by the Test of Satisfaction regarding market-based financing instruments. In summary, market-based financing is becoming the most critical and closely watched avenue through which public sector energy undertakings raise capital for the energy transition. The “Investor Confidence Index” built on the perception of respondents towards green bonds, QIPs, disinvestment and ESG-linked instruments is the most frequently used parameter for assessing the market acceptance of PSU energy financing. Regulators and company managements are obligated to strengthen transparency and disclosure practices that optimise investor confidence. Nevertheless, market-based financing for the energy transition encounters a few obstacles during the structuring and implementation phases. The objective of this paper is to examine these obstacles in order to improve investor confidence and to determine strategies for overcoming them. Furthermore, it examines and compares investor perception across ONGC, NTPC and Coal India.
DOI: https://zenodo.org/records/23010455
