Power play: NTPC to buy hydel plants, expand its renewables capacity

In fact, as part of the broader plan, NTPC is backing down thermal power in places where it is easier to make room for renewable power

On November 20, the Cabinet Committee on Economic Affairs approved a number of key decisions on divestment. Among them was the strategic disinvestment of the Centre’s entire stake in Bharat Petroleum, Shipping Corp, THDC India Ltd and NEEPCO Ltd, and most of its stake in Container Corp, relinquishing management control in these companies at the same time. It also gave in-principle approval for the government to reduce its stake in certain state-owned companies to below 51 per cent but retain majority stake and thus management control.

These major divestment decisions were taken as the government races against time to meet