# 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.

- Type: Closure
- Announced: 2018-09-26
- Where: Mannavaram, Chittor district, Andhra Pradesh, India
- Status: announced
- Products: balance of plant equipment, EPC services for thermal power projects
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

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

## Sources

- [tndindia.com](https://www.tndindia.com/ntpc-bhel-equipment-jv-verge-closure/), 2018-09-26: "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."

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