Joint Venture23 Apr 2024, 11:21 pm
NTPC LTD Signs Supplementary JV Agreement-3 with NHPC, POWERGRID, DVC, CPRI
AI Summary
NTPC Limited announced the signing of a Supplementary Joint Venture Agreement-3 with NHPC, POWERGRID, DVC, and CPRI on 23rd April 2024. The new agreement will amend the existing Joint Venture Agreement of National High Power Test Laboratory Pvt. Ltd (NHPTL) dating back to 2009. Major changes include POWERGRID's increased equity holding in NHPTL to 50%, and the revision of the NHPTL Board Composition.
Key Highlights
- NTPC signed a Supplementary Joint Venture Agreement-3
- Amended Joint Venture Agreement of NHPTL dated 2009
- POWERGRID's equity holding in NHPTL increased to 50%
- NHPTL Board Composition revised