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.
The Union power ministry officials will meet top executives from the four PSU promoters on Friday when the PTC India stake sale is likely to be discussed, one of the three people said on the condition of anonymity.
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.
This story is from the January 10, 2025 edition of Hindustan Times Noida.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 10, 2025 edition of Hindustan Times Noida.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
For Me, Hindi Is Home: Nitanshi Goel
On World Hindi Day today, the actor reveals her special connection with the language and how it helps her connect with the audiences
A Starry Musical Evening
The Capital witnessed a spectacular Saturday night fever at Habbit, hosted by Pallavi Mohan.
Poonam Dhillon's house burgled; culprit nabbed, valuables recovered
Actor Poonam Dhillon was left shocked on Sunday after discovering a burglary at her Khar, Mumbai flat.
Sonu Sood slashes Fateh ticket prices to ₹99 for opening day
In a generous move, actor Sonu Sood has announced that the opening day tickets for his film Fateh, releasing today, will be priced at a mere ₹99.
With Ghosal by her side, Anahat taking steady steps
By her own admission, Anahat Singh did not play her best squash at the British Junior Open, a prestigious junior tournament she won for the third time this week as its U-17 champion.
Tottenham Take 1-0 Lead vs Reds in Semis First-Leg
Lucas Bergvall scored his first goal for Tottenham Hotspur to give his side a surprise 1-0 victory over holders Liverpool in the first leg of their League Cup semi-final on Wednesday.
The Growing Mistrust About Doping Violations in Tennis
Players Criticise Difference in Treatment for Those Who Test Positive
India debut on the cards for McIlroy in $5mn event
The iconic Delhi Golf Club (DGC) is set to host a $5 million DP World Tour event in October with former world No. 1 and four-time Major winner Rory McIlroy likely in attendance, making the upcoming Rolex Series event the most expensive golf tournament—in terms of prize money—ever hosted by the country.
Fertiliser subsidy likely to stay at current level in FY26
GOVT MAY STICK TO THE ALLOCATION, AS SUBSIDY UTILISATION HAS FOLLOWED ANTICIPATED TREND IN FY25
Inflation Likely Eased to 5.3% in Dec: Mint Poll
India's retail inflation likely moderated to a four-month low of 5.3% in December, down from 5.5% in November, driven by the seasonal decline in food prices, according to the median estimate of 25 economists in a Mint poll.
