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NTPC inks pact to induct JV partners, Shareholders in Hindustan Urvarak

02 Nov 2016 Evaluate

NTPC has inked a supplemental Joint Venture Agreement (JVA) on October 31, 2016 with Coal India (CIL), Indian Oil Corporation (IOC), Fertilizer Corporation of India (FCIL) and Hindustan Fertilizer Corporation (HFCL) in order to induct IOC, FCIL and HFCL, as Joint Venture (JV) partners and Shareholders in Hindustan Urvarak & Rasayn (HURL).

As per the JVA, CIL, NTPC and IOC each will hold 29.67% shares and FCIL & HFCL together will hold remaining 10.99% shares. Earlier, in May, CIL had signed JVA with National Thermal Power Corporation (NTPC) for the same.

HURL shall also take up revival of Barauni Plant of HFCL in addition to revival of Gorakhpur and Sindri plants of FCIL by setting up ammonia urea plants at each locations.


NTPC Share Price

402.20 1.75 (0.44%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 402.20
Tata Power 436.00
Adani Power 225.15
Power Grid Corp 313.90
Torrent Power 1724.80
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