State-run NTPC today said it has incorporated Patratu Vidyut Utpadan Nigam Ltd in a joint venture with Jharkhand Bijli Vitran Nigam Ltd for operating the Patratu thermal power plant in the state.
"A subsidiary company of NTPC Limited (NTPC) has been incorporated in the name 'Patratu Vidyut Utpadan Nigam Limited' on October 15, 2015 in joint venture with Jharkhand Bijli Vitran Nigam Limited (JBVNL)," the company said in a BSE filing.
The subsidiary has been incorporated to acquire, establish, operate, maintain, revive, refurbish, renovate and modernise the performing existing units and further capacity expansion of Patratu Thermal Power Station in Ramgarh district of Jharkhand, it added.
Patratu Vidyut Utpadan Nigam Limited has an initial authorised and paid up capital of Rs 10,00,000.
NTPC shall hold 74 per cent of the equity share capital in Patratu Vidyut Utpadan Nigam Limited and balance 26 per cent shall be held by JBVNL, the company said.
