Investment14 Sept 2026, 07:00 pm
BHEL Invests ₹65 Cr in NTPC BHEL Power Projects JV
AI Summary
Bharat Heavy Electricals Ltd (BHEL) announced its Board of Directors has approved an equity investment of ₹65 Crore in its joint venture, NTPC BHEL Power Projects Private Limited (NBPPL). This investment, to be made in one or more tranches, is intended to settle urgent liabilities and maintain NBPPL as a going concern. NBPPL, a 50:50 JV with NTPC Limited, focuses on EPC contracts for power plants and manufacturing power plant equipment. The acquisition is considered an arm's length transaction at face value.
Key Highlights
- BHEL approves ₹65 Crore equity investment in NBPPL joint venture.
- Investment aims to settle liabilities and ensure NBPPL remains a going concern.
- NBPPL is a 50:50 JV with NTPC, focused on power plant EPC and equipment.
- Transaction is an arm's length investment at face value.
- Completion of acquisition expected within FY 2026-27.
Price Impact
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