NTPC Ltd.

NTPC has inked a supplemental Joint Venture Agreement (JVA) on October 31, 2016 with Coal India (CIL), Indian Oil Corporation (IOC), Fertilizer Corporation of India (FCIL) and Hindustan Fertilizer Corporation (HFCL) in order to induct IOC, FCIL and HFCL, as Joint Venture (JV) partners and Shareholders in Hindustan Urvarak & Rasayn (HURL).

As per the JVA, CIL, NTPC and IOC each will hold 29.67% shares and FCIL & HFCL together will hold remaining 10.99% shares. Earlier, in May, CIL had signed JVA with National Thermal Power Corporation (NTPC) for the same.

HURL shall also take up revival of Barauni Plant of HFCL in addition to revival of Gorakhpur and Sindri plants of FCIL by setting up ammonia urea plants at each locations.