NTPC Board Approves JV With EDF for Pumped Storage, Mauritius Arm for Power Projects

MT Newswires Live

2025/12/24

NTPC (NSE:NTPC, BOM:532555) said its board has approved the formation of a 50:50 joint venture with EDF Power Solutions India for the development of pumped storage power projects in India, according to an Indian bourse filing on Tuesday.

The JV formation is subject to approvals from the Ministry of Power, DIPAM and other legal authorities.

The board also approved the incorporation of a wholly owned subsidiary in Mauritius to develop power projects, including floating solar photovoltaic projects, in the country, subject to regulatory clearances.

NTPC shares rose nearly 1% in early Wednesday trade.

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