Modi Government To Push For Rs 8,000 Crore NTPC-SJVN Merger Within Its First 100 Days In OfficeNational Thermal Power Corporation (NTPC) office at CGO Complex, New Delhi (Photo by Vivek Singh/The India Today Group/Getty Images)

After the Government of India failed to sell its entire stake in SJVN, a Mini-Ratna public sector undertaking, the Centre is said to have got the sale process back on track and plans to push through the deal within its first 100 days in office, reports Economic Times.

Owing to resistance from Himachal Pradesh government, which is a smaller stakeholder in the power sector joint venture, the centre had not been able to carry out the strategic disinvestment of the company. The officials from DIPAM and Ministry of Power are actively engaging with the officials of the Government of Himachal Pradesh to get the latter's nod for the merger which would help the Centre net in disinvestment proceeds to the tune of Rs 8,000 crore.

NTPC presently holds a total power generation capacity of around 53 gigawatt (GW) and this merger of SJVN into it could help the NTPC to boost its non-coal thermal power production portfolio.

The Government of Himachal Pradesh holds a share of 26.85 per cent in the SJVN with the centre holding 63.79 per cent stake.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber