Growing pains: NTPC expansion spawns companies and CEOs in equal measure

The power conglomerate is increasingly looking at downstream renewable energy projects and is creating new companies and chief executives to run them in without PSU-culture constraints

Think of an Indian public sector company that is in the energy business, so to speak, but is increasingly establishing a presence in all manner of renewable energy sectors, with no less than 36 companies under its umbrella. That would be NTPC, likely the largest conglomerate in the public sector. What's more, it will now focus only on downstream ventures in energy - bar NTPC Mining, which digs the coal for its vast network of thermal power plants.

 

The diversification into RE also means that NTPC will no longer be bound by a single ministry, a position no other major