Power Grid, NTPC to incorporate JV Company
25th Jun 2019

Power Grid Corporation of India has entered into a Joint Venture Agreement with NTPC to incorporate a Joint Venture Company (JVC) on 50:50 equity participation basis, with an objective to undertake the business for distribution of electricity in various States and Union Territories of India and other related activities.

The said JVC shall be incorporated only after obtaining necessary approvals of the Government.

Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India. Power Grid transmits about 50% of the total power generated in India on its transmission network.