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NHPC weighs next power move with PTC stake boost
Mint Chennai
|February 20, 2025
NHPC does not plan to buy PTC India Financial Services, the controversy-hit financing arm of PTC India
India's largest hydropower firm, NHPC Ltd, will shortly decide upon acquiring shares of other public sector entities in power trading major PTC India, and the state-run firm will inform the power ministry about its decision, said NHPC chairman and managing director Raj Kumar Chaudhary.
On 10 January, Mint reported that NHPC is keen on buying out its public sector co-promoters' shares in power trading firm PTC. 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%. Chaudhary said the discussions are ongoing within the company.
Esta historia es de la edición February 20, 2025 de Mint Chennai.
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