# NHPC gets approval to acquire PTC India's 2% stake in Chenab Valley Power Projects

NHPC received approval from the Ministry of Power to acquire PTC India's entire 2% stake in Chenab Valley Power Projects Pvt Ltd, increasing NHPC's stake to 51% and making it the majority shareholder.

- Type: Acquisition
- Announced: 2021-05-12
- Where: India
- Status: announced
- Capacity: 3094 MW
- Products: hydroelectric power
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [CHENAB VALLEY POWER PROJECTS](https://endata.com/companies/6687.md) (target)
- [NHPC](https://endata.com/companies/10967.md) (acquirer)
- [PTC India](https://endata.com/companies/55073.md) (target)

## Sources

- [navbharattimes.indiatimes.com](https://navbharattimes.indiatimes.com/business/business-news/nhpc-gets-approval-to-acquire-ptc-india-stake-in-chenab-valley-power-projects/articleshow/82581593.cms), 2021-05-12: "बिजली मंत्रालय ने 12 मई, 2021 को पत्र के जरिये सक्षम प्राधिकरण द्वारा पीटीसी इंडिया लि. (पीटीसी) की चेनाब वैली पावर प्रोजेक्ट्स प्राइवेट लि. में एनएचपीसी द्वारा 2 प्रतिशत हिस्सेदारी के अधिग्रहण की मंजूरी की सूचना दी है।"

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