Monday, March 17, 2025 | 01:47 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

NTPC likely to buy Centre's stake in SJVN, discussions on with HP govt

SJVN is a joint venture between central government and Himachal Pradesh government, with the Centre holding 63.79 per cent stake and the latter holding 26.85 per cent

Gujarat apart, no other state has yet agreed to the revised rates as suggested by the high-powered committee
Premium

Gujarat apart, no other state has yet agreed to the revised rates as suggested by the high-powered committee

Press Trust of India New Delhi
Power company NTPC is likely to acquire the Central government's stake in SJVN,  an official said.

However, the acquisition deal is stuck because of resistance from the Himachal Pradesh (HP) government, the official added.
The transaction would fetch the exchequer aboutRs 67 billion at current market prices.

SJVN is a joint venture between central government and Himachal Pradesh government, with the Centre holding 63.79 per cent stake and the latter holding 26.85 per cent at the end of September.

"We are looking at NTPC acquiring Centre's share in SJVN. The matter is stuck because of resistance from Himachal Pradesh government. We are discussing it,"

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in