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NTPC and PGCIL form joint venture for power distribution · Endata

◂ Announcements

Jun 21, 2019PARTNERSHIPNew Delhi, India

NTPC and PGCIL form joint venture for power distribution

NTPC and PowerGrid Corporation of India Limited signed an agreement to set up National Electricity Distribution Company Limited (NEDCL), a 50:50 joint venture to undertake electricity distribution in India.

Status

Announced

Productselectricity distribution

CompaniesNTPC Limited partner PowerGrid Corporation of India partner

Sectors#Power Generation Equipment

“The main aim is to undertake business for distribution of electricity in distribution circles of India and related activities.”thehindubusinessline.com

1 source
thehindubusinessline.comNTPC, PGCIL form JV to enter power distribution business - The HinduBusinessLineOur BureauJun 22, 2019

Summarized from public sources; check the original articles before acting on it.

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