NTPC joins hands with NPCIL

Power major NTPC has entered into an agreement with Nuclear Power Corporation of India (NPCIL) for developing nuclear power projects.

The combined entity will work together for development of nuclear power in India and for this purpose they have formed a Joint Venture Company for setting up nuclear power projects. The proposed Joint Venture Company will be a subsidiary of NPCIL in which NPCIL shall hold 51% equity and the balance 49% will be held by the company. At 10:15 am, the stock was trading down 0.33 per cent at Rs 182.30 on the BSE. Meanwhile, the market was trading weak on negative global cues. Sensex was trading 75 points down at 9560 points even as BSE mid and small cap indices were witnessing positive trend. Both were marginally up in the morning trade
.