NTPC to Merge with it’s own Hydro Subsidiary
Indian energy company NTPC is merging its hydro projects unit, NTPC Hydro (NHL), with itself as a part of its business restructuring process. NHL was formed to under the development of small- and medium-sized hydropower projects. Confirming the speculations, NTPC spokesperson was quoted as saying that the merger would result into positives including operation consolidation, reduction in overhead expenditure ...
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