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    NTPC evaluates takeover of six power projects

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    State-owned NTPC Ltd is to acquire six power projects
    State-owned NTPC Ltd is to acquire six power projects

    State-owned NTPC Ltd is evaluating taking over at least six power projects including Larsen and Toubro Ltd’s (L&T) Rajpura project in Punjab and all the thermal power projects of the debt-laden Jaypee Group, as it seeks to consolidate its presence as India’s largest power generation company, leveraging the cash on its books and the bargains on offer.

    The other projects NTPC is considering include the Shapoorji Pallonji Group’s imported coal-based power plant in Gujarat and state government-owned projects in Bihar and Uttar Pradesh. The company has created a committee under the board’s supervision to evaluate these opportunities.

     

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