NTPC rises on getting nod to form JV company with EDF Power Solutions India [Power]
AI Summary1 min read
TL;DR
NTPC's stock rises after approval to form a joint venture with EDF Power Solutions India, enhancing its diverse energy portfolio and commitment to sustainable power solutions.
Tags
Power Generation/DistributionPowerNTPCEDF Power Solutions Indiajoint venturepower generationsustainable energy
NTPC is India's largest integrated power company, dedicated to lighting every corner of the country and building a sustainable future for all. With a diverse portfolio of thermal, hydro, solar, and wind power plants, NTPC is dedicated to delivering reliable, affordable, and sustainable electricity to the nation. The company is committed to adopting best practices, fostering innovation, and embracing clean energy technologies for a greener future. Along with power generation, NTPC has ventured into various new business areas, including e-mobility, battery storage, pumped hydro storage, waste-to-energy, nuclear power, and green hydrogen solutions. It has also participated in the bidding for power distribution of Union Territories.