Latest News | Nabinagar, Kanti Power Projects Merge with NTPC

New Delhi, Aug 26 (PTI) State-run power giant NTPC on Friday announced the merger of its wholly-owned arms Nabinagar Power Generating Company Ltd and Kanti Bijlee Utpadan Nigam Ltd with itself.

In 2018, the two firms had become wholly-owned subsidiaries of NTPC. It had acquired the equity stake of Bihar State Power Generation Company Ltd in the two firms.

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"The amalgamation of Nabinagar Power Generating Company Ltd and Kanti Bijlee Utpadan Nigam Ltd with NTPC Ltd stands completed," it said in a BSE filing.

NTPC had acquired 50 per cent equity stake in Nabinagar Power Generating Company and 27.36 per cent stake in Kanti Bijlee Utpadan Nigam on June 29, 2018.

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The Nabinagar Power Generating Company (Pvt) Ltd was incorporated as a 50:50 joint venture company of NTPC and Bihar State Power Generation Company Ltd. The company operates the 1,980 MW Nabinagar Super Thermal Power Project in Aurangabad district of Bihar.

Kanti Bijlee Utpadan Nigam owns and operates Muzaffarpur Thermal Power Station (MTPS) situated at Kanti, district Muzaffarpur, Bihar.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)