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NHPC signs Supplementary JV Agreement for sale of partial stake in NHPTL
Apr-24-2024

NHPC has signed a Supplementary JV Agreement with JV Partners of National High Power Test laboratory (NHPTL) i.e. NTPC, POWERGRID, DVC, CPRI and NHPTL for sale of partial stake in NHPTL (an unlisted company) on April 23, 2024. The said transaction is expected to be completed during FY 2024-2025.

The revised equity shareholding of POWERGRID in NHPTL shall be 50%, remaining fifty (50%) percent of equity shall be held equally by the other four Parties (i.e., 12.5% each of NHPC, NTPC, DVC & CPRI). Before signing of SJVA-3, equity holding of each promoter was 20%. Hence, post completion of transactions, NHPTL will cease to be Associate Company of NHPC. The transaction is not expected to have any impact on NHPC. Consideration received from such sale/disposal is Rs 1.31 crore.

NHPC is engaged in electric power generation by hydroelectric power plants. The company is also engaged in contracts, project management and consultancy works.


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