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Discussion :: National - Latest Current Affairs (Q.No.1140)

1140. 

National Thermal Power Corporation Limited (NTPC) acquired what percent of equity in North-Eastern Electric Power Corporation Limited (NEEPC)?

[A]. 90%
[B]. 100%
[C]. 75%
[D]. 80%

Answer: Option B

Explanation:

National Thermal Power Corporation Limited (NTPC) concluded the acquisition of Centre's entire stake in two hydropower generating firms, Tehri Hydro Power Complex (THDC) India and North Eastern Electric Power Corporation (NEEPCO), at Rs 11,500 crore. Under the deal, NTPC acquired the latter's 74.496 % equity stake in THDC India Ltd (THDCIL) for Rs 7,500 crore & its 100% equity in North-Eastern Electric Power Corporation Limited (NEEPC) for Rs 4,000 crore respectively.

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