NHPC gets nod to acquire 2% equity stake of PTC India in Chenab Valley Power Projects

NEW DELHI: State-run hydro power giant NHPC on Wednesday said that it has got approval of the concerned authority to acquire the entire 2 per cent equity stake of PTC India NSE 3.71 % in Chenab Valley Power Projects Private Ltd. After the acquisition of the stake, the NHPC’s share will increase to 51 per cent to become a majority stakeholder in Chenab Valley Power Projects Private Ltd.