-2.30 (-0.64%) Cabinet committee on economic affairs (CCEA) has approved a 5% stake sale in power producer NTPC. The government currently holds a 74.96% stake in NTPC and a 5% stake sale is expected to fetch it around Rs 5,600 crore. The government had earlier divested 9.5% stake in NTPC in 2013 and raised Rs 11,470 crore.
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.