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NTPC Ltd.
BSE: 532555 | NSE: NTPC
Large Cap | Power Generation/Distribution
340.80
2.15 (0.63%) NTPC receives 13 bids for divesting up to 5-10% stake in NTPC Green Energy
Date: 03-09-2022NTPC has received 13 bids for divesting up to 5-10 per cent stake in NTPC Green Energy (NGEL). The bidders include ArcelorMittal, Brookfield, and Canada Pension Plan Investment Board. The winners will be finalised by the end of the month (September).
NTPC Green Energy is a wholly-owned subsidiary of state-owned power giant NTPC. The expression of interest (EoI) for stake sale of 5 to 10 per cent in NGEL was invited in June this year.
NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.