# GE Power India to acquire 50% stake in NGSL from GE Power Systems GmbH

GE Power India Limited's board approved the acquisition of a 50% stake in NTPC GE Power Services Private Limited (NGSL) from GE Power Systems GmbH for Rs 72 million. The acquisition is expected to close by April 30, 2021.

- Type: Acquisition
- Announced: 2021-04-16
- Where: India
- Value: $960K (72.0M INR)
- Status: announced
- Products: thermal power plant renovation and modernization services
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [NTPC Limited](https://endata.com/companies/883.md) (partner)
- [GE Power India](https://endata.com/companies/3202.md) (acquirer)
- [NTPC GE Power Services](https://endata.com/companies/12095.md) (target)
- [GE Power Systems GmbH](https://endata.com/companies/53106.md) (partner)
- [GE Power Systems GmbH](https://endata.com/companies/53106.md) (target)

## Sources

- [powerline.net.in](https://powerline.net.in/2021/04/16/ge-power-to-acquire-50-per-cent-equity-stake-in-ngsl-from-ge-power-systems-gmbh/), 2021-04-16: "GE Power India Limited's board has approved the acquisition of 50 per cent stake in NTPC GE Power Services Private Limited (NGSL) for Rs 72 million."
- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/ge-power-acquires-50-equity-stake-in-ntpc-ge-power-services/articleshow/82167660.cms), 2021-04-20: "GE Power India completed acquisition of 50% of the issued and paid up share capital of NGSL on 19 April 2021."

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