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.
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 Patna.
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
Two Arrested, Police Search for Third Accused
A special police team has been formed to nab the third absconding accused, who is wanted in the murder of a SIDCUL factory worker, a senior police officer familiar with the matter said on Thursday, adding that two people have been arrested so far.
Delhi HC seeks NIA stand on J&K MLA's bail plea
The Delhi high court on Thursday issued notice on a plea by Engineer Rashid, a member of Parliament from Jammu & Kashmir seeking directions to the city court to pronounce orders on his bail application in a terror-funding case.
Shubhankar eyes a happy homecoming
In terms of statistics alone, Shubhankar Sharma has had a pretty consistent 2024 where he made the cut 21 times in 26 starts and had two top-10 finishes in Europe's DP World Tour.
Cong, BJP Trade Barbs Over Delayed RCA Polls
Even one year after coming to power in the state, the Bharatiya Janata Party (BJP) government has failed to conduct elections to the Rajasthan Cricket Association (RCA), with players being the worst sufferers in the process, people aware of the development said on Thursday.
3 Liquor Smugglers Get Life Term For Murder Of Social Activist
A Bhabua sessions court on Thursday awarded life imprisonment to three liquor smugglers who had shot dead a social activist for opposing the illegal trade.
Rush to claim Karpoori legacy on anniv
In Bihar, as the momentum is building up for the assembly polls slated for later this year, political parties are searching all avenues to make inroads into voters' minds and hearts.
Cos shift focus to corporate NPS to retain staff
Indian companies are restructuring retirement plans and looking beyond conventional statutory benefits like provident fund and gratuity, as the corpus often proves inadequate for superannuated employees.
WhatsApp to continue to share metadata for ads to Meta: NCLAT
...Digital Personal Data Protection Act is likely to be imposed which may cover all issues related to data protection and data sharing ASHOK BHUSHAN, NCLAT Chairperson
Shabashi di, thank you bola: Auto driver on meeting Saif after rushing him to hospital
While actor Saif Ali Khan is on the mend and preparing to resume his routine, life has taken an unexpected turn for auto driver Bhajan Singh Rana – the man who rushed Khan to Mumbai's Lilavati Hospital after he was brutally stabbed at his Bandra home on the night of January 16.
BJP leader seeks Rahul's apology over Netaji post
Union minister and Bharatiya Janata Party (BJP) leader Sukanta Majumdar on Thursday launched an attack on Rahul Gandhi after he purportedly claimed that Netaji Subhash Chandra Bose died on August 18, 1945, as stated in his recent social media posts.
