Government approves disinvestment in NTPC, SJVN

NEW DELHI: The government today approved sale of its five per cent stake in state-run power producer NTPC this fiscal and 10 per cent stake in Satluj Jal Vidyut Nigam, the utility engaged in hydropower generation. (Watch)

The government, at present, holds 89.5 per cent stake in NTPC. At the present valuation, the government may be able to raise over Rs 8,000 crore by divesting five per cent stake in the company, which generates over 30,000 MW of power annually. Its market capitalisation currently stands at Rs 1,72,000 crore.

Satluj Jal Vidyut Nigam is a joint venture between the Centre and the Himachal Pradesh government. The Centre holds 75 per cent stake in the JV, while the rest is owned by the state government.