NTPC incorporates JV for setting up high-power test lab

NTPC incorporates JV for setting up high-power test lab
PTI
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First Published: Mon, May 25 2009. 04 42 PM IST
Updated: Mon, May 25 2009. 04 42 PM IST
Mumbai: NTPC Ltd on Monday said it has incorporated a new joint venture firm National High-Power Test Laboratory Pvt Ltd (NHPTLPL) for setting up an on-line high-power test laboratory for short- circuit test facility in the country.
The JV has been incorporated in association with NHPC, Power Grid Corp. of India and Damodar Valley Corp (DVC), NTPC said in a filing to the BSE.
All the four firms (NTPC, NHPC, Power Grid and DVC) shall equally contribute in the equity share capital of the company (NHPTLPL), it added.
Last week, NTPC had announced the incorporation of International Coal Ventures Pvt Ltd (ICVL), a joint venture firm between the company, Steel Authority of India, Coal India, Rashtriya Ispat Nigam and NMDC.
“The JV has been incorporated for the purpose of carrying on business for overseas acquisition and/or operation of coal mines or blocks/ companies for securing coking and thermal coal supplies,” NTPC had said in its 21 May filing to the BSE.
Shares of NTPC closed at Rs212.75, down 1.66% on the BSE.
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First Published: Mon, May 25 2009. 04 42 PM IST