Joint Venture15 Jan 2026, 06:00 pm
NTPC Green Energy Ltd Approves Joint Venture Agreement with GAIL (India) Limited
AI Summary
NTPC Green Energy Ltd announced that its Board of Directors has approved a Joint Venture Agreement with GAIL (India) Limited for the formation of a 50:50 Joint Venture Company (JVC). The JVC will undertake Renewable Energy Projects, subject to approval from the Ministry of Power, DIPAM, and other statutory authorities. The details of the disclosure will be shared as per the Securities and Exchange Board of India Master Circular dated 11% November 2024.
Key Highlights
- NTPC Green Energy Ltd and GAIL (India) Limited to form a 50:50 Joint Venture Company (JVC)
- JVC will undertake Renewable Energy Projects
- Approval from Ministry of Power, DIPAM, and other statutory authorities required
- Disclosure details will be shared as per the Securities and Exchange Board of India Master Circular dated 11% November 2024