NTPC and PowerGrid Corporation of India Limited have signed an agreement to set up the National Electricity Distribution Company Limited (NEDCL). NEDCL will be a joint venture of the two on 50:50 equity basis. “The main aim is to undertake business for distribution of electricity in distribution circles of India and related activities,” a PGCIL […]
Power Grid Corporation of IndiaNSE 0.40 % Limited (PGCIL) chairman IS Jha blamed private companies for power system transmission woes and rubbished allegations of monopolistic practices levelled against the state-run company by its competitors. In an interview to ET, he said that 80% of transmission projects awarded to private sector were delayed. Edited excerpts: How […]