New Delhi, May 8 -- NTPC Ltd, Indian Oil Corporation Ltd, and Coal India Ltd are planing to list their joint venture Hindustan Urvarak & Rasayan Ltd (HURL) to raise up to Rs.6,000 crore in fiscal year 2027 (FY27) as part of Centre's asset monetization plan, said two people aware of the matter.
NTPC also plans to list its subsidiaries North Eastern Electric Power Corp. Ltd (NEEPCO) and THDC India Ltd (THDC), which is a joint venture (JV) of NTPC and Uttar Pradesh government.
"The plan is to bring the public offering of HURL within the ongoing fiscal as part of the asset monetization roadmap by offloading 10-11% stake in total to raise Rs.5,000-6,000 crore," said the first of the two persons cited earlier, both of whom spoke on the condit...
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