NTPC and Power Grid form joint venture

Two leading public sector utilities — NTPC and Power Grid Corporation of India — have formed a joint venture to set up a national electricity distribution company, which could lead to a major change in the power distribution sector.

This paves way for NTPC, a leading power generator, and Power Grid, which owns India’s largest power transmission network, to get into consumer electricity supply business.

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India to have a national electricity distribution company: NTPC and Power Grid sign MoU – business-standard.com