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NTPC gets nod for Scheme of Amalgamation

03 Dec 2013 Evaluate

NTPC has received an approval from Ministry of Corporate Affairs, Govt. of India on November 21, 2013 for the Scheme of Amalgamation of NTPC Hydro, a wholly owned subsidiary of company with itself.

Consequent to the amalgamation of the Companies and the Scheme becoming effective, NTPC Hydra shall stand dissolved without the process of winding up.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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