Post the stake acquisition, NHPC’s share in Chenab Valley Power Projects will improve to 51 per cent
NHPC has obtained the go-ahead to amass all the 2 per cent stake of PTC India in Chenab Valley Power Projects. Chenab Valley Power Projects is a three way partnership firm; NHPC holds 49 per cent in Chenab Valley Power Projects, whereas JKSPDC holds 49 per cent and PTC holds 2 per cent. Post the stake acquisition, NHPC’s share in Chenab Valley Power Projects will improve to 51 per cent and it’ll grow to be a majority stakeholder.
“Ministry of Power vide its letter dated May 12, 2021 has conveyed approval of competent authority for taking up of two per cent fairness of PTC India Limited (PTC) in Chenab Valley Power Projects Private Ltd (A Joint Venture Company between NHPC (49 per cent), JKSPDC (49 per cent) and PTC (2 per cent) by NHPC, NHPC mentioned in a regulatory submitting to the inventory exchaanges.
Chenab Valley Power Projects was integrated within the yr 2011 to harness the huge hydro potential of Chenab river.
On Wednesday, the shares of NHPC had ended marginally increased by 0.3 per cent at Rs 26.60 in a weak market.
