NHPC announced that it would be divesting its stake in National High Power Test Laboratory (NHPTL) through the signing of a supplementary joint venture agreement (SJVA) with its JV partners. The partners include NTPC, PowerGrid, Damodar Valley Corporation, Central Power Research Institute, and NHPTL itself.
According to a stock exchange filing, NHPC informed that it had signed a Supplementary JV Agreement with JV Partners of National High Power Test Laboratory (NHPTL), namely NTPC, POWERGRID, DVC, CPRI, and NHPTL, for the sale of a partial stake in NHPTL (an unlisted company) on 23.04.2024.
The agreement, which was finalized on April 23, 2024, signifies the sale of a partial stake in NHPTL, an unlisted company, with the expected completion set during the fiscal year 2024-2025.
