# 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.

- Type: Partnership
- Announced: 2019-06-21
- Where: New Delhi, India
- Status: announced
- Products: electricity distribution
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [NTPC Limited](https://endata.com/companies/883.md) (partner)
- [PowerGrid Corporation of India](https://endata.com/companies/40178.md) (partner)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/ntpc-pgcil-form-jv-to-enter-power-distribution-business/article28110345.ece), 2019-06-22: "The main aim is to undertake business for distribution of electricity in distribution circles of India and related activities."

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