NTPC Ltd Approves Joint Venture with EDF Power Solutions India Private Limited and Formation of Wholly Owned Subsidiary in Mauritius

NTPC Ltd, in a recent Board Meeting held on 23rd December 2025, approved the formation of a joint venture company with EDF Power Solutions India Private Limited, each holding a 50:50 stake. The joint venture aims to develop Pumped Storage Plants (PSP) in India. Additionally, the company decided to form a wholly owned subsidiary in Mauritius to develop Power Project(s), including a Floating Solar Photovoltaic (FSPV) Project. These decisions are subject to approval from the Ministry of Power, DIPAM, and other statutory authorities. The details of these developments will be shared as per the Securities and Exchange Board of India Master Circular dated 11 November 2024.