MoneyWorks4Me

NTPC gets nod for equity investment of up to Rs 2,269.75 crore in NPGCPL

22 Jan 2013 Evaluate

National Thermal Power Corporation (NTPC) has received an approval for equity investment of up to Rs 2,269.75 crore in Nabinagar Power Generating Company (NPGCPL) to enable it to implement Nabinagar Super Thermal Power Project (3X660 MW) in Aurangabad District of Bihar.

NPGCPL is a 50:50 joint venture (JV) between NTPC and Bihar State Electricity Board. The board at its meeting held on January 21, 2013 has approved for the same.

NTPC is the largest power generating company in the country. It has also diversified into hydro power, coal mining, power equipment manufacturing, oil & gas exploration, power trading & distribution.

Peers
Company Name CMP
NTPC 316.70
Tata Power 350.00
Adani Power 196.95
Power Grid Corpn. 254.65
Adani Energy Solut. 1325.50
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