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NTPC transfers 15 renewable energy assets to NGEL

01 Mar 2023 Evaluate

NTPC has completed transfer of 15 renewable energy assets to NTPC Green Energy (NGEL), a wholly owned subsidiary of NTPC, through a business transfer agreement, executed on July 08, 2022. Besides, the company has also transferred 100% equity shareholding held in NTPC Renewable Energy, a wholly owned subsidiary of NTPC, to NGEL through a share purchase agreement, executed on July 08, 2022.

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 316.70
Tata Power 350.00
Adani Power 196.95
Power Grid Corpn. 254.65
Adani Energy Solut. 1325.50
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