# NTPC to exit joint venture with BHEL, seeks stake sale

NTPC Ltd. has decided to exit its 50:50 joint venture NTPC-BHEL Power Projects Pvt. Ltd. with Bharat Heavy Electricals Ltd. (BHEL), wanting BHEL to buy its equity stake. The JV was set up in 2007 for manufacturing power equipment.

- Type: Acquisition
- Announced: 2018-04-19
- Where: India
- Value: $7.50M (50.0M INR)
- Status: announced
- Products: power equipment
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [NTPC Limited](https://endata.com/companies/883.md)
- [Bharat Heavy Electricals](https://endata.com/companies/1451.md) (acquirer)
- [NTPC-BHEL Power Projects Limited](https://endata.com/companies/20195.md) (target)

## Sources

- [ndtvprofit.com](https://www.ndtvprofit.com/business/ntpc-to-exit-joint-venture-with-bhel-10447338), 2018-04-19: "NTPC wants Bharat Heavy Electricals Ltd. to buy its equity in the joint venture."

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