NTPC Ltd.

NTPC, India’s biggest power generation utility is likely to wind up one affiliate, NTPC Hydro (NHL) and exit a joint venture (JV) with European company Alstom SA as part of a restructuring exercise suggested by consultant Deloitte Touche Tohmatsu India. 

The company is also opting for exit from equipment manufacturing joint ventures such as NTPC-Bhel Power Projects, BF NTPC Energy Systems (BFNESL) and NTPC-Telk, a tie-up with Transformers and Electricals Kerala.

The entity is going for proposed restructuring due to it’s desire to ensure that its management bandwidth and resources aren’t stretched too thin. The company has 19 JVs and five subsidiaries in areas such as electricity distribution, services, energy efficiency, equipment manufacturing, power trading, power exchange and coal mining.