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NTPC to enter electricity distribution business

This assumes significance because NTPC is primarily a power generation company

NTPC, Electricity distribution, Anil Dhirubhai Ambani Group, DISCOM, BSES Rajdhani Power, BSES Yamuna Power

NTPC has decided to foray into electricity distribution business by evincing interest to buy 51% stake in Anil Dhirubhai Ambani Group's (ADAG) two utilities in Delhi.

ADAG has two discoms namely BSES Rajdhani Power (BRPL) and BSES Yamuna Power (BYPL). This assumes significance because NTPC is primarily power generation company.

NTPC is keen to explore opportunities for acquiring 51% stake in BRPL and BYPL, which are on sale, provided that the equity sale is done through a transparent process.

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June 2020
10 Jun 2020