Try GOLD - Free
NHPC eyes PTC buy sans financing subsidiary
Hindustan Times Patna
|January 10, 2025
The co's revenue grew 5.6% to ₹63,973 cr as against ₹60,583 cr a year earlier
NEW DELHI: India's largest hydropower generator NHPC Ltd is keen on buying out its public sector co-promoters in power trading firm PTC India Ltd, three people aware of the plan said.
Currently, NHPC, NTPC Ltd, Power Grid Corp. of India Ltd and Power Finance Corp. Ltd hold about 4.05% each in PTC India, totalling 16.2%. The four PSUs had appointed ICICI Securities as merchant banker in 2022 for the transaction, after the power ministry approved their exit plan. "The companies have been eyeing an exit for some time now and are expecting to carry out the stake sale by the end of this financial year," one of the two people mentioned above said on the condition of anonymity.
Queries emailed to NHPC, NTPC, PowerGrid and PFC remained unanswered.
This story is from the January 10, 2025 edition of Hindustan Times Patna.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Hindustan Times Patna
Hindustan Times Patna
West Asia-North Africa: Ocean of opportunities
Prime Minister Narendra Modi’s visit to Jordan, Oman, and Ethiopia could help forge partnerships under India’s MAHASAGAR vision
4 mins
December 15, 2025
Hindustan Times Patna
Meesho’s strong market debut boosts Prosus’ India bets
The Netherlands-headquartered Prosus’ India thesis is paying off in quick succession, and the global consumer-internet investor is now gearing up to deploy more patient capital across consumer internet, artificial intelligence (AI) and fintech, senior executives told Mint.
2 mins
December 15, 2025
Hindustan Times Patna
MAN WHO KILLED U.S. SOLDIERS WAS TO BE FIRED FROM SYRIAN FORCES FOR EXTREMISM
Syria's interior ministry said on Sunday that the gunman who killed three Americans in the central Palmyra region the previous day was a member of the security forces who was to have been fired for extremism.
1 min
December 15, 2025
Hindustan Times Patna
You can't see me... anymore: John Cena retires; celebs share tributes
Legendary WWE superstar John Cena has officially closed the curtain on his in-ring wrestling career after 26 years, concluding a farewell run that culminated in his final match at Saturday Night's Main Event XLII on December 13.
1 min
December 15, 2025
Hindustan Times Patna
2 students shot dead in Brown Univ classroom
Nine people were injured, seven of them critically. The gunman has been arrested. Two students on campus survived school shootings in 2018, 2019
2 mins
December 15, 2025
Hindustan Times Patna
Raja slams anti-Indian graffiti at NYU library
US Congressman Raja Krishnamoorthi on Saturday strongly condemned reports of antisemitic, anti-Indian and racist graffiti found inside a library at New York University.
1 min
December 15, 2025
Hindustan Times Patna
Stop hyping Big AI: Smaller, smarter models the future
The Big Artificial Intelligence (AI) hype machine is running in overdrive.
4 mins
December 15, 2025
Hindustan Times Patna
Remembering the unsung heroes of the war of 1971
Tomorrow, we will celebrate the 54th Victory Day.
3 mins
December 15, 2025
Hindustan Times Patna
From vows to views: How social media virality is now the new wedding 'wow'
After the billionaire wedding in Udaipur blew up Instagram, this is how young couples are now hiring PR managers and social media managers to make their own weddings go viral
2 mins
December 14, 2025
Hindustan Times Patna
Sania Mirza reveals battling 'bouts of depression' during peak
Former tennis star Sania Mirza has added her voice to the growing wave of Indian athletes speaking publicly about mental health, revealing that she, too, often struggled with bouts of depression.
1 min
December 14, 2025
Listen
Translate
Change font size