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NTPC Limited ( (IN:NTPC) ) has shared an update.
NTPC Limited, in collaboration with Maharashtra State Power Generation Company Limited (MAHAGENCO), has received approval from the National Company Law Tribunal (NCLT) for their resolution plan concerning Sinnar Thermal Power Limited, which is undergoing a Corporate Insolvency Resolution Process. This approval marks a significant step in NTPC’s strategic efforts to manage and expand its power generation capabilities, particularly with the acquisition of the 1350 MW coal-based thermal power plant in Nashik, Maharashtra.
More about NTPC Limited
NTPC Limited is a major player in the energy sector, primarily focusing on the generation and sale of electricity. It operates coal-based thermal power plants and is involved in various power generation projects across India.
Average Trading Volume: 706,632
Technical Sentiment Signal: Hold
Current Market Cap: 3163.5B INR
Learn more about NTPC stock on TipRanks’ Stock Analysis page.