Team News Riveting
New Delhi, November 26
In a big boost ahead of IPO listing, NTPC Green Energy today formed a joint venture with Maharashtra State Power Generation Company Limited (MAHAGENCO).
Notably, shares of NTPC Green Energy will make its D-Street debut on Wednesday, November 27. “It is hereby informed that a Company – “MAHAGENCO NTPC GREEN ENERGY PRIVATE LIMITED [MNGEPL]”, has been incorporated on 25.11.2024 as 50:50 joint venture of NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC Limited and Maharashtra State Power Generation Company Limited (MAHAGENCO), a Government of Maharashtra (GOM) owned company,” NTPC Limited said in a regulatory filing today.
MNGEPL will be engaged in the business of developing, operating and maintaining Renewable Energy Park(s) in Maharashtra under UMREPP and allot Park(s) for development of Renewable Energy Project(s), the company said.
