Govt mulls merger of small power firms with NTPC, NHPC
NEW DELHI: Finance and power ministries are in advanced talks to merge smaller power companies with NTPC and NHPC, according to a report by ET NOW.
Shares of NTPC were trading over 1 per cent down at Rs 122.80 after the report, while NHPC was trading 1 per cent up at Rs 23.80.
The report said that NTPC or NHPC may takeover smaller power companies such as Tehri Hydro Development Corporation (THDC), SJVNNSE 1.76 % and North Eastern Electric Power Corporation (NEEPCO). THDC is a joint venture between the Centre and UP government.
