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NHPC Requires Rs 11,000 Crore for THDC India and NEEPCO Acquisition

1 Aug 2023 , 01:46 PM

NHPC director (finance) RP Goyal stated the company’s plan to acquire THDC India and NEEPCO as part of the government’s initiative to merge hydel companies and boost efficiency.

The plan involves acquisition or takeover rather than a literal merger. NHPC has limited resources and requires government support for the acquisition.

Currently, NHPC’s capital allocation includes Rs 10,000 crore for capex and 50 % for dividend payout. To fund the additional Rs 11,000 crore for acquisition, the dividend payout might be adjusted or reduced.

NHPC will need about Rs 5,000 crore to acquire NEEPCO, a wholly-owned subsidiary of NTPC. For THDCIL, in which NTPC holds 74.496 % ownership and the Uttar Pradesh government has a 25.5 % stake, NHPC will require around Rs 6,500 crore.

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NHPC Requires Rs 11,000 Crore for THDC India and NEEPCO Acquisition

Related Tags

  • acquisition
  • NEEPCO
  • news
  • NTPC
  • THDC India
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