NTPC Ltd's Consortium Wins Bid for Sinnar Thermal Power Limited Under IBC

Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, NTPC Ltd announces that the Consortium of Maharashtra State Power Generation Company Limited and NTPC Limited has received approval from the Committee of Creditors for the Resolution Plan of Sinnar Thermal Power Limited (STPL), a company undergoing Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code 2016. The consortium has been issued a Letter of Intent, subject to acceptance of associated terms and conditions. The implementation of the resolution plan is subject to necessary approvals from the National Company Law Tribunal, Delhi, and/or any other relevant regulatory authority, court, or tribunal, under applicable laws. STPL owns a coal based thermal power plant of 5X270 MW (1350MW) capacity at Sinnar, Nashik, Maharashtra.