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NTPC to incorporate a JV Company with EDMC

13 Jun 2019 Evaluate

NTPC has signed a joint venture (JV) agreement with East Delhi Municipal Corporation (EDMC) to incorporate a Joint Venture Company (JVC) between the company and EDMC with equity participation of 74:26, respectively.

The aforesaid JVC shall be incorporated only after obtaining necessary approvals of the Government. The proposed JVC is to develop & operate state of art/modern integrated waste management & energy generation facility in joint venture using municipal solid waste generated in EDMC.

NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.

Peers
Company Name CMP
NTPC 322.00
Tata Power 349.90
Adani Power 200.65
Power Grid Corpn. 257.35
Adani Energy Solut. 1351.20
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