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NTPC has bought majority stake in 2 power generating company, in Bihar.
The company has acquired 27.36% equity stake of Bihar State Power Generation Co (BSPGCL) in Kanti Bijlee Utpadan Nigam (KBUN), which owns 610 MW Muzaffarpur Thermal Power Station.
It also acquired 50% equity stake of BSPGCL in Nabinagar Power Generating Company (NPGC) which is developing 1980 MW Nabinagar Super Thermal Power Project in district Aurangabad, Bihar.
Further, with this acquisition KBUN and NPGC are now the wholly owned subsidiaries of NTPC.
