-10.20 (-2.87%) NTPC and Coal India have signed an agreement to form a Joint Venture Company (JVC) to take up the revival of fertilizer plants of Fertilizer Corporation of India (FCIL) located at Sindri and Gorakhpur by setting up an ammonia urea plant at each location. Both the companies will hold an equal share in the proposed JVC.
NTPC is an Indian central Public Sector Undertaking (PSU) under the Ministry of Power, Government of India, engaged in the business of generation of electricity and allied activities. The company also undertakes consultancy and turnkey project contracts that involve engineering, project management, construction management and operation and management of power plants.