Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
»
1-min read

Government Readies to Sell NHPC Stake to State-run Peer NTPC, Say Sources

The Ministries of Finance and Power are discussing a plan to sell the government’s 73.67 percent stake in NHPC to NTPC, which is owned 62.7 percent by the government.

News18.com

Updated:July 25, 2018, 9:59 AM IST
facebookTwitterskypewhatsapp
Government Readies to Sell NHPC Stake to State-run Peer NTPC, Say Sources
File photo of NTPC plant.
Loading...

New Delhi: The government is in talks to sell its stake in hydro power producer NHPC to its state-run peer NTPC, the country's biggest electricity generator by capacity, say sources.

The Ministries of Finance and Power are discussing a plan to sell the government’s 73.67 percent stake in NHPC to NTPC, which is owned 62.7 percent by the government.

Through the stake sale, the government is looking to exit from NHPC. The talks are at an initial stage and a deal is unlikely to be concluded this fiscal year, sources told CNBC-TV18.

The sale, if approved, will be the second such consolidation after state-run Oil and Natural Gas Corp. acquired the government’s stake in oil refiner Hindustan Petroleum Corp. for Rs 369 billion.

Last year, NTPC sought to acquire the federal government’s stake in another hydro-electricity generator SJVN Ltd., but it hasn’t been able to forge a deal yet.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 107.30 3.32
Interglobe Avi 1,465.80 1.42
Kotak Mahindra 1,526.65 1.68
Indiabulls Hsg 652.80 1.00
RBL Bank 585.20 1.15
Company Price Change %Gain
Yes Bank 107.25 3.22
Interglobe Avi 1,454.95 0.63
HDFC AMC 2,098.00 5.20
Page Industries 20,669.70 0.65
SpiceJet 134.95 2.43
Top Gainers
Company Price Change %Gain
UPL 660.90 2.96
Yes Bank 107.30 3.32
Zee Entertain 353.05 1.96
Kotak Mahindra 1,526.65 1.68
HCL Tech 1,033.05 1.31
Company Price Change %Gain
Yes Bank 107.25 3.22
Kotak Mahindra 1,527.20 1.64
HCL Tech 1,033.60 1.33
Bajaj Finance 3,477.15 0.82
Asian Paints 1,382.00 0.74
Top Losers
Company Price Change %Gain
GAIL 145.20 -1.46
Bharti Airtel 347.90 -0.81
Tata Motors 168.95 -0.62
Dr Reddys Labs 2,657.00 -0.73
Coal India 231.20 -0.69
Company Price Change %Gain
Coal India 231.60 -0.52
Bharti Airtel 348.05 -0.80
TCS 2,093.90 -0.54
Power Grid Corp 207.85 -0.55
Tata Motors 169.00 -0.50

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results