October 28, 2020

NTPC LTD. – Acquisition Of Stake Of Bihar State Power Generation Co. Ltd. (BSPGCL) In Kanti Bijlee Utpadan Nigam Limited (KBUN) & Nabinagar Power Generating Company Pvt. Limited (NPGC)

In continuation of our disclosure dated 15.05.2018 with regard to MoU with Government of Bihar (GoB) and Bihar power utilities, we wish to inform that NTPC has acquired 27.36% equity of BSPGCL in Kanti Bijlee Utpadan Nigam Limited (KBUN) which owns 610 MW Muzaffarpur Thermal Power Station and 50% equity of BSPGCL in Nabinagar Power Generating Company Pvt. Limited (NPGC) which is developing 1980 MW Nabinagar Super Thermal Power Project in district Aurangabad, Bihar.

With this acquisition, KBUN and NPGC are now wholly owned subsidiaries of NTPC.

Pdf Link: NTPC LTD. – Acquisition Of Stake Of Bihar State Power Generation Co. Ltd. (BSPGCL) In Kanti Bijlee Utpadan Nigam Limited (KBUN) & Nabinagar Power Generating Company Pvt. Limited (NPGC)

Courtesy : BSE – www.bseindia.com

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