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Thursday, September 20, 2012

Government may sell stake in NTPC

The Finance Ministry has proposed a 9.5% stake sale in NTPC, reports CNBC-TV18. There is a strong possibility that NTPC stake sale disinvestment may happen in tranches and sources add that this is very much part of the CCEA note. The route that has been identified for this disinvestment is the offer for sale.

NTPC Limited (formerly National Thermal Power Corporation) is the largest Indian state-owned electric utilities company based in New Delhi, India. It is listed in Forbes Global 2000 for 2011 ranked it 348th in the world. It is an Indian public sector company listed on the Bombay Stock Exchange. With a current generating capacity of 39,174 MW, NTPC has embarked on plans to become a 75,000 MW company by 2017.

The company was founded on 7 November 1975. On May 21 2010, NTPCL was conferred Maharatna status by the Union Government of India.
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