Tuesday, 3 December 2013

NTPC gets nod for Scheme of Amalgamation

NTPC has received an approval from Ministry of Corporate Affairs, Govt. of India on November 21, 2013 for the Scheme of Amalgamation of NTPC Hydro, a wholly owned subsidiary of company with itself.

Consequent to the amalgamation of the Companies and the Scheme becoming effective, NTPC Hydra shall stand dissolved without the process of winding up.NTPC is the largest power generating company in the country. It has also diversified into hydro power, coal mining, power equipment manufacturing, oil & gas exploration, power trading & distribution.

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