NTPC profit boost
The profits of state-owned thermal power producer NTPC is expected to go up by Rs 300-400 crore after the acquisition of hydropower majors Neepco and THDCIL, analysts said.
NTPC is expected to acquire the two companies for Rs 10,000 crore after necessary adjustments such as debt and other charges, sources said.
The cabinet committee on economic affairs (CCEA) has approved the finance ministry’s proposal to divest the central government’s stake in THDCIL and Neepco.
The government will divest its 74.23 per cent stake in THDCIL and 100 per cent shareholdimg in Neepco along with the transfer of management control to NTPC.
