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Government readies to sell NHPC stake to state-run peer NTPC, say sources

The Ministries of Finance and Power are discussing a plan to sell the government’s 73.67 percent stake in NHPC to NTPC, which is owned 62.7 percent by the government.

July 25, 2018 / 10:33 AM IST
NTPC | Company reported higher standalone profit at Rs 3,504.8 crore in Q2FY21 against Rs 3,262.4 crore, revenue rose to Rs 24,677.1 crore from Rs 22,764.6 crore YoY. Company to buy back its shares worth Rs 2,275.7 crore.

NTPC | Company reported higher standalone profit at Rs 3,504.8 crore in Q2FY21 against Rs 3,262.4 crore, revenue rose to Rs 24,677.1 crore from Rs 22,764.6 crore YoY. Company to buy back its shares worth Rs 2,275.7 crore.

 
 
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The government is in talks to sell its stake in hydro power producer NHPC to its state-run peer NTPC, the country's biggest electricity generator by capacity, say sources.

The Ministries of Finance and Power are discussing a plan to sell the government’s 73.67 percent stake in NHPC to NTPC, which is owned 62.7 percent by the government.

Through the stake sale, the government is looking to exit from NHPC. The talks are at an initial stage and a deal is unlikely to be concluded this fiscal year, sources told CNBC-TV18.

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News18
first published: Jul 25, 2018 10:33 am

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