CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
National Thermal Power Corporation Limited (NTPC) acquired what percent of equity in North-Eastern Electric Power Corporation Limited (NEEPC)?
A
90%
B
100%
C
75%
D
80%
Explanation: 

Detailed explanation-1: -Under the deal, NTPC acquired the latter’s 74.496 % equity stake in THDC India Ltd (THDCIL) for Rs 7, 500 crore & its 100% equity in North-Eastern Electric Power Corporation Limited (NEEPC) for Rs 4, 000 crore respectively.

Detailed explanation-2: -State or government account for 51% of NTPC Limited’s (NSE:NTPC) ownership, while institutions account for 37%

Detailed explanation-3: -NTPC is India’s largest energy conglomerate with roots planted way back in 1975 to accelerate power development in India. Since then it has established itself as the dominant power major with presence in the entire value chain of the power generation business.

Detailed explanation-4: -THDC India Limited (formerly Tehri Hydro Development Corporation Limited), is under the ownership of National Thermal Power Corporation Limited, Ministry of Power, Government of India.

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