Subsidiary26 Jun 2026, 03:01 pm
NTPC Incorporates Wholly Owned Subsidiary in Mauritius
AI Summary
NTPC Ltd has announced the incorporation of its wholly owned subsidiary, NTPC (Mauritius) Energy Limited, in Mauritius on June 26, 2026. The subsidiary has been established with an initial capital of MUR 1,000,000 (approximately INR 19,80,000). The primary objective of this new entity is to undertake the development of a proposed Floating Solar Photovoltaic (FSPV) Project with a Battery Energy Storage System (BESS) and other power sector-related businesses in Mauritius. This strategic move aligns with NTPC's expansion plans in renewable energy and international markets.
Key Highlights
- NTPC Ltd incorporated a wholly owned subsidiary in Mauritius.
- The subsidiary, NTPC (Mauritius) Energy Limited, has an initial capital of MUR 1 Million.
- It will focus on developing FSPV projects with BESS in Mauritius.
- This move supports NTPC's renewable energy and international expansion.
- The incorporation is in line with SEBI Listing Regulations.
Price Impact
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