NTPC Forms JV with EDF & Mauritius Subsidiary

NTPC has received approval to establish a joint venture with EDF Power Solutions in India and has created a wholly-owned subsidiary in Mauritius, marking significant strategic developments for the power generation company. These moves represent NTPC's efforts to enhance operations in the Indian power sector and expand its business internationally.

Strategic Joint Venture Formation

The approval for the joint venture with EDF Power Solutions demonstrates NTPC's commitment to forming strategic partnerships that may strengthen its market position. This collaboration brings together NTPC's extensive experience in the Indian power sector with EDF Power Solutions' expertise.

Development	Details
Partnership Type	Joint Venture
Partner	EDF Power Solutions
Location	India
Status	Approval Received

International Expansion Through Mauritius Subsidiary

Alongside the joint venture approval, NTPC has established a wholly-owned subsidiary in Mauritius. This move represents the company's strategic expansion into international markets and demonstrates its commitment to diversifying its operational presence beyond India.

Corporate Action	Details
Subsidiary Type	Wholly-Owned
Location	Mauritius
Ownership	100% NTPC

Strategic Implications

These corporate developments highlight NTPC's dual approach to growth through both domestic partnerships and international expansion. The joint venture with EDF Power Solutions is expected to leverage combined expertise in the power sector, while the Mauritius subsidiary provides a platform for international operations.

The approval of these initiatives reflects NTPC's strategic planning and its ability to execute complex corporate structures that aim to support long-term business objectives in the evolving power sector landscape.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.80%	+0.70%	-0.06%	-2.81%	-3.12%	+228.01%

NTPC Limited has received an order from the Assistant Commissioner State Tax, GST, Delhi regarding payment of tax, interest and penalty under CGST Act/Delhi GST Act. The company disclosed this development to stock exchanges, in compliance with SEBI listing regulations.

GST Order Details

The power generation company received the order from the Assistant Commissioner State Tax, GST, Delhi for payment of tax, interest and penalty under CGST Act/Delhi GST Act. NTPC has indicated that it plans to file an appeal against the said order within the prescribed timeline.

Parameter	Details
Issuing Authority	Assistant Commissioner State Tax, GST, Delhi
Order Type	Payment of Tax, Interest and Penalty
Applicable Acts	CGST Act/Delhi GST Act
Appeal Authority	Commissioner Appeal-1 Delhi GST

Impact Assessment

NTPC has stated that there is no material impact on the company's financials, operations or other activities due to the aforementioned order. This assessment suggests that while the company has received the GST order, it does not expect significant adverse effects on its business operations or financial performance.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. NTPC provided the required details as per the regulation's requirements in an annexure attached to the intimation letter sent to stock exchanges.

The company plans to file an appeal before the Commissioner Appeal-1 Delhi GST against the order within the prescribed timeline, demonstrating its intention to address the matter through appropriate legal channels.