 "NTPC")
The Centre’s plan to sell its stake in SJVN to the National Thermal Power Corporation (NTPC) is stuck for clearance from the Himachal Pradesh state government. The state government holds a 26.85 per cent stake in SJVN, which owns and operates 2Gw of hydropower projects.
Senior executives in NTPC said the company’s proposal to acquire the Centre's 63.79 per cent stake in SJVN has been pending for approval for the past 1.5 years.
The sale is likely to fetch the Centre close to Rs 70 billion. If the acquisition goes through, it would be the third such transaction
Senior executives in NTPC said the company’s proposal to acquire the Centre's 63.79 per cent stake in SJVN has been pending for approval for the past 1.5 years.
The sale is likely to fetch the Centre close to Rs 70 billion. If the acquisition goes through, it would be the third such transaction
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