{"id":504878,"date":"2022-07-12T12:51:39","date_gmt":"2022-07-12T07:21:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=504878"},"modified":"2022-07-12T12:51:39","modified_gmt":"2022-07-12T07:21:39","slug":"ntpc-spins-off-renewable-energy-units","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ntpc-spins-off-renewable-energy-units\/","title":{"rendered":"NTPC spins off renewable energy units"},"content":{"rendered":"<p>State-owned NTPC is spinning off its renewable energy assets to its wholly-owned subsidiary NTPC Green Energy Ltd (NGEL).<\/p>\n<p>In a regulatory filing to the stock exchanges, NTPC said it will transfer 15 renewable energy assets to NTPC Green through a business transfer agreement dated July 8. It will also transfer 100 per cent equity shareholding held in NTPC Renewable Energy Ltd (NREL), its wholly-owned subsidiary, to NGEL through a share purchase agreement.<\/p>\n<p>NTPC said the revenue from the 15 renewable energy assets proposed to be transferred was Rs 917.46 crore in 2021-22, which is around 0.68 per cent of its revenue of Rs 1,34,994.31 crore (on a consolidated basis) as of March 31. Similarly, the revenue from NREL was Rs 79.8 lakh in 2021- 22, which was 0.0006 per cent of its consolidated revenue during the fiscal year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned NTPC is spinning off its renewable energy assets to its wholly-owned subsidiary NTPC Green Energy Ltd (NGEL). In a regulatory filing to the stock exchanges, NTPC said it will transfer 15 renewable energy assets to NTPC Green through a business transfer agreement dated July 8. It will also transfer 100 per cent equity shareholding held in NTPC Renewable Energy Ltd (NREL), its wholly-owned subsidiary, to NGEL through a share purchase agreement. NTPC said the revenue from the 15 renewable energy assets proposed to be transferred was Rs 917.46 crore in 2021-22, which is around 0.68 per cent of its [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,245,148],"tags":[],"class_list":["post-504878","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/504878","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=504878"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/504878\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=504878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=504878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=504878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}