{"id":343783,"date":"2020-03-27T11:18:03","date_gmt":"2020-03-27T05:48:03","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=343783"},"modified":"2020-03-27T11:47:59","modified_gmt":"2020-03-27T06:17:59","slug":"ntpc-to-acquire-thdc-neepco-for-rs11500-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ntpc-to-acquire-thdc-neepco-for-rs11500-crore\/","title":{"rendered":"NTPC to acquire THDC &amp; Neepco for Rs11,500 crore"},"content":{"rendered":"<p>NEW DELHI : India\u2019s largest power generation utility\u2014NTPC Ltd\u2014-on Thursday announced the Rs11,500 crore acquisition of hydropower firms THDC India Ltd and North Eastern Electric Power Corporation Ltd. (Neepco), as part of one of the government\u2019s largest asset-sale exercises.<\/p>\n<p>The asset sales comes amid a sharp deceleration in Asia\u2019s third-largest economy in the backdrop of the coronavirus outbreak and declining tax collections.<\/p>\n<p>In an announcement to the stock exchanges, the state run utility said that it has inked sales purchase agreements (SPA) for acquiring 74.496% in THDC for Rs7,500 crore and a100% acquisition of Neepco for Rs4,000 crore respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : India\u2019s largest power generation utility\u2014NTPC Ltd\u2014-on Thursday announced the Rs11,500 crore acquisition of hydropower firms THDC India Ltd and North Eastern Electric Power Corporation Ltd. (Neepco), as part of one of the government\u2019s largest asset-sale exercises. The asset sales comes amid a sharp deceleration in Asia\u2019s third-largest economy in the backdrop of the coronavirus outbreak and declining tax collections. In an announcement to the stock exchanges, the state run utility said that it has inked sales purchase agreements (SPA) for acquiring 74.496% in THDC for Rs7,500 crore and a100% acquisition of Neepco for Rs4,000 crore respectively.<\/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":[139,130,237],"tags":[],"class_list":["post-343783","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/343783","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=343783"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/343783\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=343783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=343783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=343783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}