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NTPC to acquire stake in NEEPCO, THDC

28 Jan 2020 Evaluate

NTPC’s board has given in-principle approval for the acquisition of entire equity stake of Government of India in NEEPCO (i.e. 100% of paid up share capital of NEEPCO) and THDC (i.e. 74.5% of paid up share capital of THDC). The Board of Directors of the Company at its meeting held on January 27, 2020.

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 309.10
Tata Power 344.20
Adani Power 191.20
Power Grid Corpn. 260.40
Adani Energy Solut. 1361.00
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