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NTPC Acquires North Eastern Electric Power Corporation Limited

The move will help NTPC gain expertise in developing sustainable projects in difficult terrains

March 30, 2020

/ Rakesh Ranjan
/ Finance and M&A, Other
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The National Thermal Power Corporation of India (NTPC) has acquired 3,60,98,09,800 equity shares in the North Eastern Electric Power Corporation Limited (The share purchase agreement represents an amount of ₹40 billion (~$530.23 million), 100% of the total paid-up share capital of NEEPCO.

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Rakesh Ranjan

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