NTPC-BHEL joint venture NBPPL faces closure

NTPC has communicated its intent to exit the loss-making 50:50 joint venture NBPPL with Bharat Heavy Electricals. The JV, formed in 2007, has been making losses since FY16 and BHEL's board approved winding up in February 2018.

“NTPC has conveyed to the Union power ministry its intent of exiting from the loss making equipment manufacturing joint venture formed with Bharat Heavy Electricals in 2006.”tndindia.com

• 1 source
• tndindia.comNTPC-BHEL equipment JV on verge of closure - Your Gateway to Power Transmission & DistributionT&amp, D IndiaSep 26, 2018

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