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Power Energy

Indian government to divest 5pct stake in NTPC

10/20/2009 02:30:00 PM

New Delhi, Oct (EPC News): Indian government on Monday approved the sale of its 5% stake in state run power producer NTPC this fiscal.

Anand Sharma, commerce and industry minister, after attending the CCEA meeting said that the Cabinet Committee on Economic Affairs approved 5% disinvestment in NTPC.

The Government at present holds 89.5% stake in NTPC. At the present valuation, the Government may be able to raise over Rs8,000 crore by divesting 5% stake in the company, which generates over 30,000 MW of power annually. Its market capitalization currently stands at Rs172,000 crore.