The source stated that besides listing of the three firms, the plan to meet its divestment target of Rs 15,000 crore also includes sale of its stake in NTPC-SAIL Power Company Ltd (NSPCL), which is expected this fiscal year.The NSPCL is a joint venture company of NTPC and SAIL (50:50 equity) was incorporated on February 8, 1999. It was formed to own and operate captive power plants for SAIL&#39;s steel manufacturing facilities located at Durgapur, Rourkela and Bhilai.According to the source, the Rs 15,000 crore divestment plan is as per agreed targets of performance set by the company with the Ministry of Power which includes listing of NTPC Renewable Energy Ltd (NTPC REL), North Eastern Electric Power Corporation Ltd (NEEPCO) and NTPC Vidyut Vyapar Nigam Ltd (NVVNL) by March 2024.The source said that the listing of NTPC REL is expected by October next year: NTPC REL, a 100% subsidiary of NTPC Ltd, currently has a renewable project portfolio of 3.450 MW of which 820 MW projects are under construction and 2,630 MW projects have been won for which PPAs (power purchase agreements) are pending to be executed.NTPC had incorporated NTPC REL with the Registrar of Companies, NCT of Delhi &amp; Haryana on October 7, 2020, to undertake renewable energy business.

NTPC plans Rs 15,000 cr divestment, to list 3 arms

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.