NTPC to buy Anil Ambani's Power Distribution Units

Highlights :

State-run NTPC to buy Anil Ambani's Power Distribution Units.
NTPC wants to acquire 51 % stake in BRPL and BYPL, which are on sale.
Reliance Infrastructure owns a majority stake in BRPL and BYPL, which are joint venture with Delhi Government.

NTPC, the country's largest electricity generator, said that it is interested in buying a majority stake in Reliance Group's Power Distribution asset in Delhi.

NTPC wants to acquire 51 % stake in

BRPL and BYPL, which are on sale.

Reliance Infrastructure owns a majority stake in BRPL ( BSES Rajdhani ) and BYPL ( BSES Yamuna ), which are joint venture with Delhi Government.

The Reliance Group, controlled by Anil Ambani, has been looking to cut debt by selling stake in some of its companies.

About NTPC :

NTPC Limited, National Thermal Power Corporation Limited, is an Indian Public Sector Undertaking, engaged in the business of electric generations and allied activities.

The headquarter of NTPC is situated at New Delhi. NTPC main business is the generation and sale of electricity to state-owned power distribution companies and state electricity boards in India.

NTPC is the largest power company in India, with an electric power generation capacity of 58,156 MW.

NTPC was founded by government of India in 1975, which now holds 54.74 % of its equity stake on 30.06.2016.

NTPC Limited, National Thermal Power Corporation Limited, is an Indian Public Sector Undertaking, engaged in the business of electric generations and allied activities. The headquarter of NTPC is situated at New Delhi. NTPC main business is the generation and sale of electricity to state-owned power distribution companies and state electricity boards in India. NTPC is the largest power company in India, with an electric power generation capacity of 58,156 MW. NTPC was founded by government of India in 1975, which now holds 54.74 % of its equity stake on 30.06.2016.

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