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Power Grid to infuse funds in National High Power Test Laboratory

25 Apr 2024 Evaluate

Power Grid Corporation of India has inked a pact to infuse funds and take a 50 per cent stake in crisis-hit National High Power Test Laboratory (NHPTL). A supplementary joint venture agreement in this regard was signed on April 23, 2024, by shareholders of NHPTL.

NHPTL is a joint venture of NTPC, NHPC, POWERGRID, DVC & CPRI. The funds will be infused subject to the approval of the management of JV parties - NTPC, NHPC, DVC (Damodar Vally Corporation) and CPRI (Central Power Research Institute).

Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.


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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