NTPC Acquires MCD's 26% Stake in NTPC EDMC Waste Solutions, Converting JV into Wholly-Owned Subsidiary

NTPC Limited has signed a Termination Agreement with the Municipal Corporation of Delhi (MCD) and NTPC EDMC Waste Solutions Private Limited (NEWS) on 7 May 2026, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The agreement formalises the termination of the Joint Venture Agreement dated 11 June 2019 and the acquisition of MCD's 26% shareholding, comprising 52,000 equity shares, in NEWS. With this acquisition, NEWS will become a wholly-owned subsidiary of NTPC.

Acquisition Details

The transaction involves NTPC acquiring MCD's 26% equity stake in NEWS through a cash consideration. NTPC already held a 74% shareholding in NEWS prior to this transaction. The key parameters of the acquisition are summarised below:

Parameter: Details Target Entity: NTPC EDMC Waste Solutions Private Limited (NEWS) Shares Acquired: 52,000 equity shares (26% stake) Cost of Acquisition: Rs. 5,20,000/- (at face value of Rs. 10/- per share) Mode of Consideration: Cash Post-Acquisition Shareholding: 100% (NTPC) Indicative Completion Timeline: Q1 of FY 2026-27 Industry: Waste management and energy generation

About NTPC EDMC Waste Solutions Private Limited

NEWS was incorporated on 01 June 2020 as a Joint Venture Company of NTPC and MCD (erstwhile EDMC), with NTPC and MCD holding 74% and 26% shareholding respectively. The company has its registered office in Delhi and operates in the waste management and energy generation sector. The turnover of NEWS over the last three years is as follows:

Year: Turnover (Rs. in Lakhs) 2022-23 0.34 2023-24 0.29 2024-25 1.28

Strategic Rationale and Regulatory Context

Through this acquisition, NTPC intends to consolidate its Waste to Wealth business within NEWS as a wholly-owned subsidiary. The transaction is classified as a related party transaction; however, approval of the Audit Committee under Regulation 23 of the SEBI (LODR) Regulations, 2015 is exempted, given that the transaction is between NTPC, a listed public sector undertaking, and MCD, a Government/local authority entity. None of the promoters, promoter group, or group companies hold any interest in the proposed transaction, except to the extent of shareholding, if any, in the company.

Approvals and Compliance

The NTPC Board and the House of Corporation, MCD have accorded approval for the purchase of MCD's 26% stake in NEWS by NTPC. The disclosure has been made in compliance with Regulation 30 of the Listing Regulations read with the SEBI Master Circular dated 30 January 2026. The intimation was signed by Ritu Arora, Company Secretary & Compliance Officer of NTPC, on 7 May 2026.

NTPC has announced the successful commissioning and commercial operation of 100 MW capacity from its Solar PV Project at Ramagundam, Telangana, marking another significant milestone in the company's renewable energy portfolio expansion. The commercial operation became effective from 00:00 hours on May 2, 2026, following successful commissioning activities.

Project Details and Capacity Addition

The Ramagundam Solar PV Project has a total planned capacity of 176 MW, of which 100 MW has now been declared commercially operational. This phased approach allows NTPC to begin generating revenue from the completed portion while continuing development of the remaining capacity.

Parameter: Details Project Location: Ramagundam, Telangana Capacity Declared Commercial: 100 MW Total Project Capacity: 176 MW Commercial Operation Date: May 2, 2026 Technology: Solar PV

Impact on NTPC's Overall Capacity

With the addition of this 100 MW solar capacity, NTPC's capacity metrics have been updated significantly. The company's total installed capacity has reached 89,805 MW, while the commercial capacity now stands at 88,725 MW.

Capacity Type: Current Level (MW) Total Installed Capacity: 89,805 Commercial Capacity: 88,725

Regulatory Compliance and Disclosure

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by Ritu Arora, Company Secretary & Compliance Officer, demonstrating NTPC's commitment to transparent communication with stakeholders and regulatory compliance.

Strategic Significance

The commercial operation of this solar capacity represents NTPC's continued focus on expanding its renewable energy portfolio. The Ramagundam project contributes to the company's diversification strategy, moving beyond traditional thermal power generation to embrace clean energy technologies. This development aligns with India's broader renewable energy targets and NTPC's role as a leading power generator in the country.

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation.

We plan to change that - a technology-led and artificial intelligence enabled platform built for super traders and long term investors.

Disclaimer:

The data and information provided on this website is for general informational and research purposes only. While we strive to ensure that the content is accurate, up-to-date, and reliable, this platform utilizes artificial intelligence (AI) tools to generate, curate, and summarize information. As such, the content may occasionally contain errors, omissions, or outdated information. All users are therefore advised to cross verify the source of the data and information.

This website does not constitute professional, legal, financial, medical, or any other form of licensed advice. Users are encouraged to independently verify any information before relying on it, especially for decisions that may have legal, financial, or personal consequences.

The views, analyses, and summaries presented on this platform may be generated or assisted by AI and do not necessarily reflect the opinions of the website owners, operators, editors, or affiliates.

We make no warranties or representations, express or implied, regarding the completeness, accuracy, reliability, suitability, or availability of the information contained on this website. Any reliance you place on such information is strictly at your own risk.

This website may include links to third-party sources or content. We do not control or endorse the nature, accuracy, or availability of those external sites and are not responsible for any content or damages arising from their use.

By using this website, you acknowledge and agree that the use of AI-generated content involves inherent limitations, uncertainties and inaccuracies, and you accept full responsibility for how you interpret and use the information provided.

We reserve the right to modify, update, or remove content and this disclaimer at any time without prior notice.