You are here: Home » Companies » News
Business Standard

Govt raises Rs 11,500 cr from strategic sale of THDC, NEEPCO to NTPC

With this, the total disinvestment proceeds in the current financial year stand at over Rs 46,500 crore

NTPC | NEEPCO | Govt divestment target

Press Trust of India  |  New Delhi 

The government has raised Rs 11,500 crore through strategic sale of two state-run power companies, THDC and NEEPCO, to .

The government has sold 74.49 per cent stake in THDC for Rs 7,500 crore and 100 per cent in for Rs 4,000 crore.

With this, the total disinvestment proceeds in the current financial year stand at over Rs 46,500 crore. The Revised Estimates had pegged disinvestment receipts in the current financial year at Rs 65,000 crore.

" completed two more strategic disinvestment transactions. GoI's 74.49 per cent stake in THDC at a consideration of Rs 7500 cr and 100 per cent stake in at Rs 4000 cr has been disinvested in favour of NTPC," Secretary said in a tweet.

is the Department of Investment and Public Asset Management.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, March 27 2020. 15:59 IST