2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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11%
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8%
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7%
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5%
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Detailed explanation-1: -(NVVN), a wholly owned subsidiary of NTPC Ltd. has acquired 5% equity stake in Power Exchange of India Ltd (PXIL). NVVN has purchased these shares from NSE Investment Limited, a co-promoter shareholder of PXIL today.
Detailed explanation-2: -As per industry data, short-term trading is around 14-15 per cent of total power supply in India and most of that is bilateral PPAs (power purchase agreements) while the exchange trading is 5 per cent. The government intends to increase this 5 per cent to 25 per cent by 2023-24.
Detailed explanation-3: -The correct answer is NTPC Vidyut Vyapar Nigam Ltd. NTPC Vidyut Vyapar Nigam Ltd (NVVN), a wholly-owned subsidiary of NTPC, has acquired a 5% equity stake in the Power Exchange of India (PXIL).
Detailed explanation-4: -NEW DELHI : NTPC Vidyut Vyapar Nigam Ltd (NVVN), a wholly-owned subsidiary of state-run power major NTPC, has acquired a 5% equity stake in Power Exchange of India (PXIL).