Govt may sell stake in NTPC to get `12,000 cr

The Union Government may divest 9.5 per cent stake in NTPC, which will generate a revenue of Rs 12,000 crore. It proposes to divest the stake in the largest power generator via Offer for Sale (auction) route. The government holds a 84.5 per cent stake in the company. Post-disinvestment, its stake would come down to 75 per cent. NTPC became a public enterprise with an initial public offer in 2004. Thereafter in 2009, the government further diluted its stake in the company through a Follow-on Public Offer (FPO). The power generation company had reported a net profit of Rs 9,223.73 crore in the last fiscal as against Rs 9,102.59 crore in the 2010-11. Contact: NTPC.Tel: 011-2436 0100. E-mail: info@ntpc.co.inWebsite: www.ntpc.co.inOdiSHA