NEW DELHI : State-run NTPC Ltd has started the groundwork to hold initial share sales of its units NTPC Vidyut Vyapar Nigam Ltd (NVVN) and NTPC Renewable Energy Ltd (NTPC REL), with merchant bankers making preliminary presentations, said two people aware of the development. NVVN and NTPC REL are expected to be among the first clean energy firms to list on domestic bourses. India has also crossed the 100GW milestone of installed renewable energy capacity. NTPC is also eyeing the power distribution space and is participating in the Union territories electricity distribution companies (discoms) privatization exercise. It recently bid ₹563 crore to acquire the electricity distribution business for Chandigarh, with the highest bid of ₹871 crore placed by CESC Ltd’s unit Eminent Electricity Distribution Ltd. NTPC is also interested in taking over the electricity distribution functions of Puducherry.

Source: Mint August 16, 2021 19:41 UTC