State-run power giant NTPC today said Nabinagar Power Generating Company (Pvt) Ltd and Kanti Bijlee Utpadan Nigam Ltd have become it wholly-owned subsidiaries after it acquired equity stake of Bihar State Power Generation Company Ltd in the two firms.
NTPC acquired 50 per cent equity stake in Nabinagar Power Generating Company and 27.36 per cent equity stake in Kanti Bijlee Utpadan Nigam on June 29, 2018, accoring to a statement by the state-run company.
The Nabinagar Power Generating Company (Pvt) Ltd was incorporated as a 50:50 joint venture company of NTPC and Bihar State Power Generation Company Ltd. The company is developing a 1980 MW Nabinagar Super Thermal Power Project in Aurangabad district of Bihar.
Kanti Bijlee Utpadan Nigam owns and operates Muzaffarpur Thermal Power Station (MTPS) situated at Kanti, District Muzaffarpur in Bihar.
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