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Joint Ventures and Subsidiaries for various sectors

JOINT VENTURE (JV) AND SUBSIDIARY COMPANIES

The following Subsidiary and Joint Venture Companies have been formed so far:

 
KANTI BIJLEE UTPADAN NIGAM LTD (KBUNL)
Vaishali Power Generating Company Ltd. was incorporated on 6 September 2006 as a subsidiary of NTPC, with the Bihar State Power Generation Company Limited holding a minority share. The company was renamed “Kanti Bijlee Utpadan Nigam Limited” (KBUNL) on 10 April 2008. KBUNL has become a wholly owned subsidiary of NTPC, consequent upon buyout of BSPGCL share on 29 June 2018.
OBJECTIVETo acquire and revive the Muzaffarpur Thermal Power Station (2 x 110 MW). Further, KBUNL has set up two coal-based thermal power generating units, each with a capacity of 195 MW.
PROMOTERS' EQUITYNTPC: 100%

 

NABINAGAR POWER GENERATING CO. PVT. LTD (NPGCL)
The JV Company was incorporated on 09.09.2008 with BSPGCL, Bihar. NPGCL has become a wholly owned subsidiary of NTPC, consequent upon buyout of BSPGCL share on 29 June 2018.
OBJECTIVETo set up and operate 3x660 MW Thermal Power Plant at New Nabinagar, Bihar 
PROMOTERS' EQUITYNTPC: 100%

 

NEEPCO
NTPC has acquired 100% equity stake held by Government of India (GoI) in NEEPCO on 27.03.2020, making NEEPCO wholly owned Subsidiary of NTPC.
OBJECTIVE1,757 MW of operating capacity
PROMOTERS' EQUITYNTPC: 100%

 

NTPC VIDYUT VYAPAR NIGAM LTD (NVVN)
NVVN, a wholly owned subsidiary of NTPC Limited, was incorporated on November 1, 2002
OBJECTIVECarrying out the business of purchase and sale of all forms of electrical power, both conventional and non-conventional, venturing into RE, E-Mobility and Hydrogen Mobility.
PROMOTERS' EQUITYNTPC: 100%

 

NTPC RENEWABLE ENERGY LIMITED (NRL)
NTPC Renewable Energy Limited (NRL), a wholly owned subsidiary company of NTPC Ltd was incorporated on October 7, 2020 to undertake renewable energy business.
OBJECTIVENRL has been formed with an objective to build, own and operate RE projects

PROMOTERS' EQUITY

NTPC: 100%

 

NTPC ELECTRIC SUPPLY CO. LTD (NESCL)
NTPC Electric Supply Company Limited (NESCL) was formed on August, 21, 2002 as a wholly owned subsidiary company of NTPC
OBJECTIVETo make a foray into the business of distribution and supply of electrical energy as a sequel to reforms initiated in the power sector.
PROMOTERS' EQUITYNTPC: 100%
  
NTPC MINING LIMITED (NML)
NTPC has incorporated a wholly owned subsidiary, “NTPC Mining Limited” (NML), on 29th August 2019 for handling its mining business.
OBJECTIVE
  •  To carry on business of coal mining, acquisition of coal mines, sale and disposal of coal in India and elsewhere.
  • Mining of Coal, Lignite, Manganese, Limestone, manufacturing coke & other Minerals
PROMOTERS' EQUITYNTPC: 100% 

 

BHARTIYA RAIL BIJLEE COMPANY LIMITED (BRBCL)
BRBCL was incorporated on 22 November 2007 as a subsidiary of NTPC. NTPC holds 74 per cent of the equity of BRBCL and the Ministry of Railways (MoR) holds the remaining 26 per cent of equity.
OBJECTIVETo construct and operate 4x250 MW (1000 MW) Coal Based Power Plant at Nabinagar Bihar. Power from the project will be supplied to the Indian railways and the state of Bihar.
PROMOTERS' EQUITYNTPC: 74%
Railways: 26 %

 

PATRATU VIDYUT UTPADAN NIGAM LIMITED (PVUNL)
PVUN Limited was incorporated on 15.10.2015 as JV Company of NTPC and JBVNL, Jharkhand.
OBJECTIVEThe JV Company is formed for transfer of Patratu Thermal Power Station (PTPS) located at Patratu, Ramgarh,  Jharkhand and to install 4000 MW coal based thermal power plant consisting of 5 units of 800 MW each which is to be implemented in two phases (Phase I: 3 x 800 MW and Phase II: 2 x 800 MW). Presently the JV Company is pursuing the Phase-I (3 x 800 MW) of capacity addition.
PROMOTERS' EQUITYNTPC: 74%
JBVNL: 26 %
  
THDC
NTPC has acquired 74.496 % equity shares of GoI in THDC on 27.03.2020 making THDC a Subsidiary Company of NTPC. It has mix of Hydro, Thermal and RE Projects.
OBJECTIVE1537 MW of operating capacity
PROMOTERS' EQUITY

NTPC: 74.496%
Govt. of UP: 25.504 %

  
NTPC EDMC WASTE SOLUTIONS PRIVATE LIMITED (NEWS)
The Company was incorporated on 01.06.2020 as a Joint Venture with East Delhi Municipal Corporation, Delhi (EDMC)
OBJECTIVETo develop & operate state of art/modern integrated waste management & energy generation facility using municipal solid waste on Build Own Operate (BOO) basis.
Promoters’ EQUITY

NTPC: 74 % ,
EDMC: 26 %

 

RATNAGIRI GAS & POWER PVT. LIMITED (RGPPL)
This Joint Venture Company was Incorporated on 08.07.2005
OBJECTIVETo own and operate the assets of the erstwhile Dhabol Power Company (1967 MW Gas Based Combined Cycle Power Project )
PROMOTERS' EQUITYNTPC: 86.49 %
MSEB HOLDING CO. LTD.: 13.51%
  
NTPC-SAIL POWER COMPANY (PVT) LTD (NSPCL)
A Joint Venture Company of NTPC and SAIL (50: 50 equity) was incorporated on 08.02.1999.
OBJECTIVETo own and operate captive power plants for SAIL’s steel manufacturing facilities located at Durgapur, Rourkela and Bhilai.
Promoters’ EQUITY NTPC: 50%
SAIL : 50%

 

NTPC TAMILNADU ENERGY COMPANY LIMITED (NTECL)
This JV was incorporated on 23.05.2003 with Tamil Nadu Electricity Board, a State run Electricity Board in the State of Tamil Nadu engaged in generation, of electricity.
OBJECTIVETo set up a 1500 MW coal based power station at Vallur, Ennore in Tamil Nadu utilizing the existing infrastructure facility at Ennore and supply power mainly to Tamil Nadu and the states of Kerala, Karnataka and Pondicherry.
PROMOTERS' EQUITYNTPC: 50%
TNEB: 50%

 

ARAVALI POWER COMPANY PRIVATE LTD (APCPL)
The JV Company was incorporated on 21.12.2006 with, Indraprastha Power Generation Company Ltd. (IPGCL) and Haryana Power Generation Company Ltd (HPGCL).
OBJECTIVETo set up a coal-based power station of 3x500MW capacity in Distt. Jhajjar, Haryana, in joint venture with IPGCL and HPGCL to supply power to Delhi and Haryana.
PROMOTERS' EQUITY

NTPC-50%,

IPGCL-25%,

HPGCL-25%

 

MEJA URJA NIGAM PRIVATE LIMITED (MUNPL)
The Joint Venture Company has been incorporated on 02.04.2008 with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL).
OBJECTIVETo set up a 2 X 660MW Thermal Power Plant at Meja, Distt. Allahabad in UP.
PROMOTERS' EQUITYNTPC: 50%
UPRVUNL: 50%

 

NTPC - GE POWER SERVICES PVT. LTD. (NGSL)
NTPC GE Power Services Pvt. Ltd. (NGSL) was formed on 27.09.1999 through the partnership of two leading organizations, NTPC Limited and erstwhile ALSTOM Power Systems GmbH (Alstom Power Systems GmbH was subsequently acquired by GE Power Systems GmbH).
OBJECTIVEUndertake Renovation &Modernization and O&M of Power Stations, FGD, RE Projects etc.
PROMOTERS' EQUITYNTPC: 50% ,
GE Power Systems, Germany: 50%

 

UTILITY POWER TECH LTD (UPL)
This JV company incorporated on 23.11.1995 has been promoted with Reliance Infrastructure Limited a private sector Indian power company.
OBJECTIVETo undertake project construction, erection and supervision in power sector and other sectors in India and abroad
PROMOTERS' EQUITYNTPC: 50%
Reliance Infrastructure Ltd.: 50%

 

NTPC-BHEL POWER PROJECTS PVT. LTD. (NBPPL)
The Joint Venture Company was incorporated on 28.04.2008 with BHEL
OBJECTIVETo explore, secure and execute EPC contracts for Power plants and other Infrastructure projects in India and abroad.
To engage in manufacturing and supply of equipment for power plants and other infrastructure projects in India and abroad.
PROMOTERS' EQUITYNTPC: 50%
BHEL: 50%
  
ENERGY EFFICIENCY SERVICES LTD. (EESL)
This JV was incorporated on 10.12.2009 amongst NTPC, PFC, POWERGRID and REC
OBJECTIVETo carry out and promote the business of Energy Efficiency, Energy Conservation and Climate Change including manufacture and supply of energy efficiency Products and services.
PROMOTERS' EQUITYNTPC:33.33% 
PGCIL:33.33% 
PFC: 17.65 % 
REC: 15.68 %

 

HINDUSTAN URVARAK & RASAYAN LTD (HURL)
HURL was incorporated on 15 June 2016 as a joint venture among NTPC, CIL, IOCL, HFCL and FCIL
OBJECTIVETo establish and operate new fertilizer and chemical complexes (urea, ammonia and associated chemical plants) at existing FCIL facility at Gorakhpur, Sindri and HFCL facility at Barauni.
PROMOTERS' EQUITYNTPC: 29.67 % , CIL: 29.67 %, IOCL: 29.67 %, FCIL: 7.33 %, HFCL: 3.66 %

 

NATIONAL HIGH POWER TEST LABORATORY PVT. LTD. (NHPTL)
National High Power Test Laboratory Pvt. Ltd. is a Joint Venture Company of NTPC, NHPC, POWERGRID, DVC& CPRI with equal equity participation of 20% each. Company was incorporated on May 22, 2009.
OBJECTIVETo set up an Online High Power Test Laboratory for short circuit testing facility of electrical equipment.
PROMOTERS' EQUITY

NTPC: 20%
NHPC: 20%
PGCIL: 20%
DVC   : 20%

CPRI: 20%

 

TRANSFORMERS & ELECTRICALS KERALA LTD. (TELK)
The shares in Transformers & Electricals Kerala Ltd. (TELK) were bought by NTPC on 19.12. 2009
OBJECTIVEFor Manufacturing and repair of Transformers
PROMOTERS' EQUITYNTPC: 44.6%
Govt. of Kerala: 54.56%
Public: 0.84%

 

BF NTPCENERGY SYSTEM LIMITED (BFNESL)
This JV Company with Bharat Forge Limited (BF) was incorporated on 19.06.2008
OBJECTIVETo establish a facility for manufacturing of castings, forgings, fittings and high pressure piping, required for Power and other industries, Balance of Plant (BOP) equipment for the power sector etc.
PROMOTERS' EQUITYNTPC: 49%
BF: 51%

 

CIL-NTPC URJA PRIVATE LIMITED (CNUPL)
This JV was incorporated on 27 April 2010 with Coal India Limited (CIL)with 50:50 equity participation.
OBJECTIVECooperation in development of Coal Mine and Renewable Energy.
PROMOTERS' EQUITYNTPC: 50%
CIL: 50%

 

ANUSHAKTI VIDHYUT NIGAM LIMITED (ASHVINI)
This JV was incorporated on 27.01.2011 with Nuclear Power Corporation of India Ltd (NPCIL) for entering into the business of nuclear power generation
OBJECTIVESetting up of Nuclear Power Projects
PROMOTERS' EQUITYNPCIL: 51%
NTPC: 49%

 

INTERNATIONAL COAL VENTURES PVT. LIMITED (ICVL)
International Coal Ventures (P) Ltd (ICVL) was incorporated on 20 May 2009 at the initiative of Ministry of Steel, Government of India (GoI). ICVL has been set up as a Joint Venture Company with SAIL, CIL, RINL, NMDC and NTPC as the promoter companies for securing metallurgical coal and thermal coal assets in overseas territories.
OBJECTIVEFor procurement of metallurgical coking coal and thermal coal from overseas & acquisition of coal assets abroad
PROMOTERS' EQUITYNTPC: 0.10%
NMDC: 25.94%
RINL: 25.94%
CIL: 0.20%
SAIL: 47.82%