NTPC Limited announced the acquisition of the remaining stake in its waste management joint venture entity, NTPC EDMC Waste Solutions Private Limited (NEWS).
According to the company’s regulatory filing, NTPC has signed a termination agreement with the Municipal Corporation of Delhi (MCD) and NEWS for termination of the existing joint venture agreement signed in 2019.
As part of the arrangement, NTPC will acquire MCD’s 26% equity stake in NEWS.
Following completion of the transaction, NTPC’s shareholding in NEWS will increase from 74% to 100%, resulting in the company becoming a wholly-owned subsidiary of NTPC.
The acquisition is expected to be completed during the first quarter of FY27.
The company stated that NTPC will acquire 52,000 equity shares from MCD for a total cash consideration of ₹5.20 lakh. The acquisition price is based on the face value of ₹10 per share.
NTPC stated that the transaction is aimed at consolidating its waste-to-wealth business operations under a wholly-owned structure.
NEWS operates in waste management and energy generation activities and was originally incorporated in June 2020 as a joint venture between NTPC and the erstwhile East Delhi Municipal Corporation.
The subsidiary focuses on waste processing and energy generation initiatives linked to municipal waste management infrastructure.
The move aligns with NTPC’s broader diversification strategy beyond conventional power generation into sustainability-focused businesses.
Read More: NTPC Share Price in Focus; Its Arm Commissions Fresh Solar Capacity at Bhadla and Khavda Projects!
As of 08 May 2026, at 9:44 AM, NTPC share price is trading at ₹400.35 per share, reflecting a surge of 1.39% from the previous closing price.
The acquisition will allow NTPC to fully consolidate its waste management subsidiary and strengthen its presence in the waste-to-energy and sustainability-focused business segment.
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Published on: May 8, 2026, 10:07 AM IST
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