{"id":306415,"date":"2019-12-20T10:24:25","date_gmt":"2019-12-20T04:54:25","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=306415"},"modified":"2019-12-20T10:28:20","modified_gmt":"2019-12-20T04:58:20","slug":"ntpc-may-acquire-neepco-through-debt-awaits-clarity-on-thdc-stake-buying","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ntpc-may-acquire-neepco-through-debt-awaits-clarity-on-thdc-stake-buying\/","title":{"rendered":"NTPC may acquire NEEPCO through debt; awaits clarity on THDC stake buying"},"content":{"rendered":"<p>NTPC, which is in the process of acquiring the central government\u2019s stake in two hydro power firms, THDC and NEEPCO, is likely to depend on external funding to do so, not internal cash flow. <\/p>\n<p>The thermal behemoth\u2019s cash and equivalents has reduced by 80 per cent in the past four years and its debt risen by 58 per cent in this period. Company executives said they would evaluate several funding streams, including the bond market. <\/p>\n<p>In November, the Cabinet Committee on Economic Affairs approved strategic disinvestment of the Centre\u2019s entire stake in THDC India and NEEPCO. It was also decided to sell the stake to another public sector undertaking. The department of investment and public asset management is still hiring transaction and legal valuers for the deal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NTPC, which is in the process of acquiring the central government\u2019s stake in two hydro power firms, THDC and NEEPCO, is likely to depend on external funding to do so, not internal cash flow. The thermal behemoth\u2019s cash and equivalents has reduced by 80 per cent in the past four years and its debt risen by 58 per cent in this period. Company executives said they would evaluate several funding streams, including the bond market. In November, the Cabinet Committee on Economic Affairs approved strategic disinvestment of the Centre\u2019s entire stake in THDC India and NEEPCO. It was also decided [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-306415","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/306415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=306415"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/306415\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=306415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=306415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=306415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}