NTPC may not conclude THDCIL, NEEPCO deal soon
State-run power giant NTPC is unlikely to conclude its about ₹10,000-crore acquisition deal to buy government’s stake in THDC India and North Eastern Electric Power Corporation, according to a source.
The government was keen to complete the transaction in the ongoing fiscal to meet its overall disinvestment target of ₹1.05 lakh crore for 2019-20 fiscal.
NTPC will not be able to complete the transaction of acquiring government stake in THDC India Ltd (THDICL), and North Eastern Electric Power Corporation Ltd (NEEPCO) this fiscal, the source said adding that the process itself will take a couple of months.
