The three companies are NTPC Vidyut Vyapar Nigam (NVVN), North Eastern Electric Power Corporation (NEEPCO), and one-year-old NTPCRenewable Energy (NREL).
Power Company – as part of the monetisation plan. Senior NTPC executives said NREL would be listed before October 2022. NTPC incorporated the wholly-owned subsidiary for its renewable energy projects in October 2020. Gurdeep Singh, chairman and managing director of NTPC, at a public event in June this year, had announced that NREL would be listed soon.
NTPC would also exit its joint venture with steel major SAIL — NTPC-SAIL
NTPC plans to list three subsidiaries:
NREL: Renewable energy arm incorporated last year, to help execute 60 GW RE by 2032 plan by NTPC
This story is from the October 04, 2021 edition of Business Standard.
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This story is from the October 04, 2021 edition of Business Standard.
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