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NTPC acquires 600 MW Jhabua Power Plant for Rs 925 crore

06 Sep 2022 Evaluate

NTPC has acquired 600-MW Jhabua Power Plant for Rs 925 crore, which is its first such deal through insolvency proceedings. NTPC has successfully acquired Jhabua Power (JPL) through Corporate Insolvency Resolution Process initiated by National Company Law Tribunal, Kolkata, (NCLT). This is the first acquisition of a power asset by NTPC through NCLT route, a step forward in accomplishing NTPC's long-term capacity targets.

Under the resolution plan NTPC has offered 50 per cent equity stake in JPL to the secured financial creditors while NTPC has retained all the management rights and control over the company. JPL is having an operational thermal power capacity of 600 MW located in Seoni, Madhya Pradesh. After the acquisition of JPL, NTPC has become a 70 GW-plus company with total installed capacity of 70,064 MW. With a target set to achieve installed capacity of 130 GW by 2032 from a diversified portfolio, NTPC has been exploring various opportunities for capacity expansion through both organic and inorganic routes.

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.

NTPC Share Price

399.15 -2.00 (-0.50%)
30-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 399.15
Tata Power 444.55
Adani Power 222.05
Power Grid Corp 318.25
Torrent Power 1737.70
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