https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Power Grid Corporation Rescues NHPTL with 50% Stake Acquisition

This move was formalized through a supplementary joint venture agreement signed on April 23, 2024, as disclosed in a regulatory filing
Indian Masterminds Stories

On Tuesday, the state-owned Power Grid Corporation announced a significant agreement, committing to inject funds and acquire a 50% stake in the struggling National High Power Test Laboratory Pvt Ltd (NHPTL). This move was formalized through a supplementary joint venture agreement signed on April 23, 2024, as disclosed in a regulatory filing.

NHPTL, originally a collaboration among NTPC, NHPC, POWERGRID, DVC, and CPRI, will see a substantial financial boost pending approval from the management of its joint venture parties, namely NTPC, NHPC, DVC (Damodar Valley Corporation), and CPRI (Central Power Research Institute).

Following a meeting held on September 15, 2022, a revival strategy was devised in consultation with the Ministry of Power to address NHPTL’s financial challenges and ensure the sustainability of its vital testing services for high-voltage transformers nationwide. This plan entails equity transactions among shareholders, resulting in Power Grid’s revised equity stake in NHPTL at 50%, while the remaining 50% will be equally distributed among the other four joint venture partners.

Upon the completion of Power Grid’s equity infusion, the board composition of NHPTL will be adjusted to include two directors, with the chairman representing Power Grid and one nominee director appointed by the other promoters on a rotational basis, as outlined in the filing.

The primary objective of this joint venture is to establish a fully independent, professionally managed High Power Short Circuit Test Facility in India. This facility will cater to the electrical equipment manufacturing industry and power supply utilities by offering a comprehensive range of short-circuit testing services compliant with both Indian and international standards.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Ministry of Defence
Defence Ministry Opens Missile and Ammunition Production to Private Sector, Boosts Aatmanirbhar Bharat
Delhi Police
Delhi Police Commissioner Satish Golchha Orders Formation of 3 Units for Contingency Action Plan Amid Nepal Protests
Rajasthan High Court
Rajasthan High Court Allows Prosecution of Retired IAS Officer in Rs 8 Crore Wheat Scam
Uttar Pradesh CM resized
Sacred Confluence, Modern Vision: Yogi Govt Approves Rs. 1 Crore to Develop Durvasa Ashram as Tourism Hub in Azamgarh
Aapki Punji
Every Penny Counts: Finance Minister Launches "Aapki Punji, Aapka Adhikar" Campaign to Return Unclaimed Assets to Citizens
NATPOLREX
NATPOLREX-X 2025: Indian Coast Guard Hosts Mega Marine Pollution Exercise with 32 Nations in Chennai
CM Vishnu Deo Singh
Chhattisgarh Unveils Its First National Highway Tunnel: A Landmark in India's Infrastructure Drive Built in Just 12 Months
bureaucracy news
Senior IRPS and IRS Officers Receive Key Postings: Repatriation and New Appointment in GST Council Secretariat
ADVERTISEMENT
ADVERTISEMENT
Videos
Dr G K Goswami IPS
Everything you ever wanted to know about e-murder, e-dacoity and data safety
IFS Ravikant Meena UPSC IFS
Ravikant Meena on IFS Preparation, Optionals, and Life in Forest Service
Siddhartha Saxena UPSC CAPF
How Siddhartha Saxena Cracked UPSC CAPF AIR 326 Against All Odds
ADVERTISEMENT
UPSC Stories
Utkarsh Ujjwal IAS
IAS Utkarsh Ujjwal Shares Key Advice for UPSC Aspirants: Work Ethic, Failure, and Focus
Read the inspiring journey of IAS Utkarsh Ujjwal, 2023 batch, Gujarat cadre. From IIT Guwahati to clearing...
Sagar Datta Majumdar UPSC CSE 2024 AIR 317
“Don’t get trapped in the vicious cycle of self-doubt,” says UPSC Achiever Sagar Datta Majumdar
Discover how Sagar Datta Majumdar from Agartala, Tripura, cracked UPSC CSE 2024 with All India Rank 317....
UPSC Chairman Ajay Kumar Live Interaction
From Cut-off Dates to Coaching & Reforms: UPSC Chairman Ajay Kumar Assures Aspirants of Fairness, Transparency & a Future-Ready UPSC | UPSC@100
A Century of Service: The UPSC’s Landmark Year Begins. Chairman Ajay Kumar on UPSC’s Centennial: “Merit,...
Social Media
World Rhino Day India
On World Rhino Day, IFS Officer Parveen Kaswan Shares Rare Insights - India Now Hosts 80% of the World’s One-Horned Rhinos
September 22 Marks Global Call for Rhino Conservation; India Holds 80% of World’s Greater One-Horned...
Parag Madhukar Dhakate
Relentless Rains Wreak Havoc in Dehradun: IFS officer PM Dhakate Warns Citizens Amid Flash Floods
Cloudbursts in Dehradun triggered flash floods. IFS officer Dr. PM Dhakate warned citizens to stay indoors...
Forest Guard Tiger Encounter
Tigers Clash in the Wild as Forest Guards Capture Rare Footage , Retired IFS Mohan Pargaien Posts Viral Video
Retired IFS officer Mohan Pargaien shares viral video of three tigers brawling in Ramnagar, as forest...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Utkarsh Ujjwal IAS
IAS Utkarsh Ujjwal Shares Key Advice for UPSC Aspirants: Work Ethic, Failure, and Focus
Ministry of Defence
Defence Ministry Opens Missile and Ammunition Production to Private Sector, Boosts Aatmanirbhar Bharat
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Dr G K Goswami IPS
IFS Ravikant Meena UPSC IFS
Siddhartha Saxena UPSC CAPF
ADVERTISEMENT
ADVERTISEMENT