NTPC-BHEL Power Projects Limited

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.

NTPC Ltd. has decided to exit its 50:50 joint venture NTPC-BHEL Power Projects Pvt. Ltd. with Bharat Heavy Electricals Ltd. (BHEL), wanting BHEL to buy its equity stake. The JV was set up in 2007 for manufacturing power equipment.

NBPPL signed an MoU with Andhra Pradesh Power Generation Corporation (APGENCO) to supply spare parts for coal and ash-handling plants and other equipment for APGENCO's thermal power plants.

NTPC-BHEL Power Projects (NBPPL) commenced production of power equipment at Mannavaram, Chittoor district, Andhra Pradesh. Phase-I investment was reduced to Rs 363.94 crore, and Phase-II is expected to start in 2016-17.

NTPC-BHEL Power Projects Limited (NBPPL) began commercial production in mid-2015 at its power equipment manufacturing plant in Mannavaram, Andhra Pradesh, with Phase-I investment of ₹363.94 crore.