ONGC, IL&FS Energy Development Company (IEDCL) and Government of Tripura, three promoters of ONGC Tripura Power Company (OTPC), have entered into definitive agreements with India Infrastructure Fund II by which the latter will be acquiring 23.5% stake in OTPC. The total consideration of the transaction is about Rs 426 crore.
Post this transaction, the shareholding in OTPC will stand as, ONGC - 50%, IEDCL - 26%, Government of Tripura 0.5% and India Infrastructure Fund II - 23.5%. This consummates the equity structure as was envisaged at the time of setting up the project.
OTPC has been promoted by ONGC, IEDCL and Government of Tripura for implementation of a gas based 726.6 MW combined cycle thermal power project at Palatana, Tripura.
| Company Name | CMP |
|---|---|
| ONGC | 285.45 |
| Oil India | 474.00 |
| Jindal Drilling&Inds | 533.70 |
| Deep Industries | 507.30 |
| Asian Energy Service | 313.55 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: