NHPC drops plan to buy PSU peers' stake in PTC India, says report

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26 Aug, 2025 12:21

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NHPC has informed the Central government that it has dropped its plan to buy stake held by its PSU peers in power trading company PTC India, Mint reported citing people familiar with the matter.

Earlier this year, NHPC had clarified that it is in very initial stages of consideration whether or not it should buy co-promoter's stake in PTC India. Notably, NTPC, Power Grid Corporation of India and Power Finance Corporation also own some stake in PTC India, along with NHPC.

According to data available on BSE about PTC India's shareholding pattern as on March 31, 2025, NHPC, NTPC, Power Grid and Power Finance Corporation each hold 4.05 percent stake in the company. This takes the total stake held by the four promoters and promotor groups of the company to 16.22 percent. The rest of the 83.78 percent stake was held by the public.

NHPC is no longer planning to pick up the stake from other promoters as it is an infrastructure company dedicated to hydro projects, with power trading not being its core business, the report cited a source as saying. This is why, NHPC has decided not to invest further in the power trading company, the source further said. It however informed Centre that it doesn’t plan to sell its existing stake in the company.

Moneycontrol couldn't independently verify the report.

NHPC shares dropped nearly 1.7 percent to close at Rs 85.05 apiece, while those of PTC India closed in the red with marginal losses at Rs 176.64 apiece.

NHPC Ltd, India's largest hydropower producer, will commission hydro projects with a total capacity of 2,170 megawatt (MW) by the end of FY26, the public sector undertaking's (PSU) chairman and managing director Raj Kumar Chaudhary told Moneycontrol in an exclusive interview earlier this year. Besides, the much delayed 2,000 MW Subansiri hydropower project in Arunachal Pradesh will also be commissioned in FY26, he said.