NTPC Consortium Completes Acquisition Of 1,350 MW Sinnar Plant

28 Feb 2026 CW Team

The Sinnar plant has a total installed capacity of 1,350 megawatts (MW) and comprises five generating units of 270 megawatts each. The integration of the plant into the NTPC Group network is expected to strengthen baseload supply and support regional grid stability as electricity demand rises across industrial and urban centres. The completion of the acquisition follows a resolution process intended to revive stressed infrastructure and return underutilised assets to mainstream generation.

The transaction was completed at a cash consideration of Rs 38,001.4 million (Rs 38,001.4 mn), reflecting the valuation arrived at under the insolvency resolution framework. With the addition of the Sinnar facility, the NTPC Group's installed capacity has increased further, reinforcing its leadership in India’s electricity generation landscape. Sector participants noted that acquisitions through insolvency resolution offer a relatively faster pathway to capacity expansion compared with time intensive greenfield development.

The consortium's approach is consistent with strategic consolidation in the power sector, where operational projects are preferred to long gestation new builds to meet near term supply needs. The acquisition is expected to unlock value from existing assets, enhance operational efficiencies and contribute to meeting demand growth while maintaining system reliability. As India balances energy security and transition objectives, such transactions are likely to remain a feature of the evolving market.

The NTPC Limited and Maharashtra State Power Generation Company Limited consortium has completed the acquisition of the Sinnar Thermal Power plant in Nashik district, Maharashtra, following approval of a resolution plan under the Insolvency and Bankruptcy Code. The transaction transfers ownership and operational control of the coal based facility to the partners, who will hold equal stakes in the project assets. The move reflects a broader trend of established utilities opting for asset acquisitions to accelerate capacity addition. The Sinnar plant has a total installed capacity of 1,350 megawatts (MW) and comprises five generating units of 270 megawatts each. The integration of the plant into the NTPC Group network is expected to strengthen baseload supply and support regional grid stability as electricity demand rises across industrial and urban centres. The completion of the acquisition follows a resolution process intended to revive stressed infrastructure and return underutilised assets to mainstream generation. The transaction was completed at a cash consideration of Rs 38,001.4 million (Rs 38,001.4 mn), reflecting the valuation arrived at under the insolvency resolution framework. With the addition of the Sinnar facility, the NTPC Group's installed capacity has increased further, reinforcing its leadership in India’s electricity generation landscape. Sector participants noted that acquisitions through insolvency resolution offer a relatively faster pathway to capacity expansion compared with time intensive greenfield development. The consortium's approach is consistent with strategic consolidation in the power sector, where operational projects are preferred to long gestation new builds to meet near term supply needs. The acquisition is expected to unlock value from existing assets, enhance operational efficiencies and contribute to meeting demand growth while maintaining system reliability. As India balances energy security and transition objectives, such transactions are likely to remain a feature of the evolving market.

Products

28 Feb 2026

AGL Wins Integrated Solutions Brand Award

Asian Granito India (AGL) has been recognised as the Best Integrated Home and Surface Solutions Brand at the Times Realty Awards Gujarat 2026, powered by GoodHomes. The award was presented by Mandira Bedi and received by Hiren Patel, Associate Director, Asian Granito India Limited, in the presence of the organising committee. Organised by The Times Group, the awards mark their introduction in Gujarat and recognise excellence in real estate, architecture, design and allied sectors. The recognition highlights AGL’s integrated approach in offering surface and bathware solutions under one roof ..

Products

28 Feb 2026

GROHE Introduces Matte Black Ceramics In India

GROHE has launched Matte Black Ceramics in India, extending the finish across its complete bathroom range in both GROHE and GROHE SPA portfolios. The move responds to growing demand for coordinated bathroom spaces that move beyond traditional white ceramics. With the launch, matte black is now available across ceramics, fittings, showers and accessories, enabling consumers to create fully integrated bathroom environments in a single finish. The company stated that the introduction aligns with evolving design preferences among Indian homeowners seeking personalised and enduring colour choices...

Equipment

28 Feb 2026

SEEPEX BN Pumps Boost Rock Blasting Efficiency

SEEPEX has introduced BN pumps with Smart Joint Access (SJA), designed for the reliable transfer of abrasive, corrosive and chemical media in mining and construction applications. Engineered for rock blasting, the pumps incorporate a large inspection opening for rapid joint checks, a compact footprint suited to mobile or skid-mounted installations, and flexible drive and material configurations. “Operators can inspect joints quickly and rely on precise pumping of shear-sensitive and abrasive emulsions,” said Magalie Levray, Global Business Development Manager Mining at SEEPEX. “This is ..