# NTPC and Mahagenco agree to acquire Singareni Thermal Power for ₹38B

NTPC and Maharashtra State Power Generation Company (Mahagenco) agreed to jointly acquire Singareni Thermal Power Limited (STPL) for ₹38 billion.

- Type: Acquisition
- Announced: 2026-01-09
- Where: Sinnar, Nashik, Maharashtra, India
- Value: $456.0M (38.0B INR)
- Status: announced
- Capacity: 1,350 MW
- Products: thermal power generation
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [NTPC Limited](https://endata.com/companies/883.md) (acquirer)
- [Maharashtra State Power Generation Company](https://endata.com/companies/29420.md) (acquirer)
- [Singareni Thermal Power Limited](https://endata.com/companies/89547.md) (target)
- [MAHAGENCO](https://endata.com/companies/89567.md) (acquirer)
- [Sinnar Thermal Power](https://endata.com/companies/89568.md) (target)

## Sources

- [scanx.trade](https://scanx.trade/stock-market-news/orders-deals/ntpc-and-mahagenco-agree-to-acquire-stpl-for-38-billion/29511945), 2026-01-09: "NTPC and Maharashtra State Power Generation Company (Mahagenco) have agreed to jointly acquire Singareni Thermal Power Limited (STPL) for ₹38 billion."
- [energy.economictimes.indiatimes.com](https://energy.economictimes.indiatimes.com/news/coal/ntpc-and-mahagenco-sign-3800-crore-agreement-for-1350-mw-sinnar-thermal-power-plant-acquisition/126447598), 2026-01-10: "NTPC and Maharashtra State Power Generation Company (MAHAGENCO) have signed a Shareholder Agreement (SHA) on January 9, 2026, in connection with the acquisition of Sinnar Thermal Power (STPL)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.