The Power ministry is looking to get three of Government controlled power companies listed over next few months. The first to hit the market will be National Hydro Power Corporation (NHPC). Other companies on ministry's radar include Damodar Valley Corporation (DVC) and North Eastern Electric Power Corporation (NEEPCO).
We have reliably learnt that Delhi government may pick up 20% stake in DVC's upcoming subsidiary.The ministry may give its go ahead to DVCs IPO once the company floats its subsidiary. DVC has already appointed a consultancy firm towards finding the right path to equity market. The Delhi government may pick up 20% stake in DVC's upcoming subsidiary as the company will become a major source of power to the state.
NTPC's follow on public offer is also in the offing.
Get Connected
Popular Posts
-
Trading holidays for the calendar year 2024. The National Stock Exchange of India (NSE) has notified trading holidays for the calendar yea...
-
What is Gold Bees or Gold ETF? Gold ETFs are open-ended mutual fund schemes that will invest the money collected from investors in stand...
-
As we all know, an index fund is a type of mutual fund or exchange-traded fund (ETF) with a portfolio constructed to match or track the c...
-
Markets have corrected about 60% from their peaks and have bounced 30% from their lows.For how long will the markets behave the way they are...
-
What is Gift Nifty? Gift Nifty is a new identity given to SGX Nifty, available for trading in NSE IX with effect from July 3. Instead of Si...