NHPC To Acquire PTC India's 2% Stake In Chenab Valley Power Projects
Chenab Valley Power Projects is a joint venture company;NHPC holds 49 per cent in Chenab Valley Power Projects, whereas JKSPDC holds 49 per cent and PTC holds 2 per cent
Updated: May 13, 2021 11:44 am IST
Post the stake acquisition, NHPC's share in Chenab Valley Power Projects will increase to 51 per cent
NHPC has received the go-ahead to acquire the entire 2 per cent stake of PTC India in Chenab Valley Power Projects. Chenab Valley Power Projects is a joint venture company; 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 increase to 51 per cent and it will become a majority stakeholder.