NHPC in Talks Over Buying Co-Promoter Stake in PTC India

India’s largest hydropower company, NHPC, has confirmed that it is evaluating the possibility of acquiring co-promoter stake in power trading company PTC India.

NHPC-PTC India Stake Acquisition Under Review

NHPC, along with three other public sector undertakings (PSUs) – NTPC Limited, Power Grid Corporation of India, and Power Finance Corporation – holds approximately 4.05% stake each in PTC India. Collectively, these PSUs own 16.2% of the company, according to the latest shareholding data.

CMD Raj Kumar Chaudhary acknowledged that internal discussions are ongoing regarding the potential acquisition of the co-promoter’s stake in PTC India. However, he emphasized that the proposal remains at a preliminary stage.

Government Discussions on Stake Sale

In January 2025, officials from the Ministry of Power held discussions with executives from the four PSUs to deliberate on the potential stake sale in PTC India.

Following these discussions, NHPC has now commented on its stance, stating, “The proposal either to buy or not to buy the co-promoter stake in PTC India Limited is in the very initial stage of study.”

NHPC further clarified that any material development regarding the acquisition will be formally disclosed to the stock exchanges in due course.

Future Course of Action

As NHPC continues its internal deliberations, investors and industry stakeholders are closely monitoring the developments. If NHPC proceeds with the acquisition, it could significantly strengthen its position in India’s power trading sector. However, with the discussions still in the early stages, the final decision remains uncertain.

Stock Performance 

On February 24, 2025, NHPC share price traded 2.07% lower at ₹78.20 at 9:21 AM (IST). NHPC’s share price reached a 52-week high of ₹118.45, and a 52-week low of ₹71.01. As per BSE, the total traded volume for the stock stood at 1.39 lakh shares with a turnover of ₹1.09 crore.

At the current price, NHPC shares are trading at a price-to-earnings (P/E) ratio of 27.06x, based on its trailing 12-month earnings per share (EPS) of ₹2.89, and a price-to-book (P/B) ratio of 2.03, according to exchange data.

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