IOC may acquire 49% in NPCIL JV

Indian Oil Corporation (IOC) may acquire up to 49% stake in its proposed joint venture with Nuclear Power Corporation of India (NPCIL) as against the 26% holding announced earlier.State-run IOC had earlier said that it would invest Rs 961 crore for 26% stake for setting up the 1,400 mw nuclear power project with NPCIL. 

The project is being set up at a total outlay of Rs 12,000 crore, to be financed in the debt-to-equity ratio of 7:3. The state-run nuclear power producer is also forming joint ventures with other public sector enterprises such as National Aluminium Co and NTPC .