NHPC, the country’s largest hydro power producer, has reportedly deferred its plans to acquire hydro assets. The company had around Rs 5,000 crore in its kitty to acquire about 2,000 Mw of hydro assets. However, the process of acquiring private companies in the country faces issues of transparency.
The company has written to the power ministry, complaining about the lack of guidelines for mergers & acquisitions in the sector, especially for public sector undertakings seeking to sign deals with private entities.
NHPC is engaged in the planning, development and implementation of an integrated and efficient network of hydroelectric projects in India. It executes all aspects of the development of hydroelectric projects, from concept to commissioning.
Company Name | CMP |
---|---|
NTPC | 361.40 |
Tata Power | 433.90 |
Power Grid Corp | 312.55 |
Adani Power | 639.95 |
Torrent Power | 1340.00 |
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