NTPC & NIIF sign MoU to explore business opportunities together
India’s largest power generation company, National Thermal Power Corporation Limited (NTPC) on Thursday announced that it has entered into a memorandum of understanding (MoU) with National Investment and Infrastructure Fund (NIIF) in order to explore investment opportunities in their mutual interest areas like renewable energy and power distribution in India.
This partnership intends to bring together the technical expertise of NTPC as well as NIIF’s ability to raise capital with the help of its relationship with the leading players thereby, bringing the best of global practices. NTPC and NIIF have joined hands to support India’s vision of building strong and sustainable energy infrastructure in the country.
NTPC is dedicated to generating reliable power at a competitive price by optimising multiple energy sources with eco-friendly technologies and ultimately, contributing to the country's economic development.
NIIF, an institution anchored by Government of India (GOI) acts as a collaborative investment platform for international and Indian investors, eyeing investment opportunities in infrastructure along with, other high growth sectors in India.
On Thursday, the stock of NTPC Ltd closed at Rs 86.75 with a decline of 1.42 per cent on BSE.