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Cabinet approves disinvestment of govt’s entire stake held in NEEPCO to NTPC

21 Nov 2019 Evaluate

The Cabinet Committee on Economic Affairs has accorded 'In-principle' approval for strategic disinvestment of Government of India shareholding of 100% in North Eastern Electric Power Corporation (NEEPCO) along with transfer of management control to an identified CPSE strategic buyer, namely, NTPC.

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 320.20
Tata Power 351.95
Adani Power 199.00
Power Grid Corpn. 258.20
Adani Energy Solut. 1348.60
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