NTPC is Planning to Fully Acquire its Waste Management Subsidiary after Ending the Joint Venture with MCD.

NTPC to Fully Acquire Waste Management Subsidiary After Ending JV with MCD

NTPC Limited has announced that it will fully acquire its waste management subsidiary, NTPC EDMC Waste Solutions Private Limited (NEWS), after ending its joint venture arrangement with the Municipal Corporation of Delhi (MCD). The decision follows a termination agreement signed between NTPC, MCD, and NEWS, formally closing the partnership that was established in 2019.

NTPC to Acquire Remaining 26% Equity Stake

As part of the agreement, NTPC will purchase MCD’s entire 26% stake in NEWS. The company currently holds a 74% stake, and after the completion of the transaction, it will own 100% equity, making NEWS a wholly owned subsidiary.

The acquisition involves 52,000 equity shares with a face value of ₹10 each, amounting to a total consideration of ₹5.20 lakh, which will be paid in cash.

Acquisition Cost Fixed at ₹5.20 Lakh

The transaction is expected to be completed during the first quarter of FY27, subject to the required regulatory and procedural approvals.

NEWS Focuses on Waste Management and Energy Generation

NEWS operates in the waste management and waste-to-energy sector, focusing on municipal waste processing, energy generation from waste, and urban infrastructure solutions. The company was established in 2020 as a joint venture between NTPC and the erstwhile East Delhi Municipal Corporation.

With this consolidation, NTPC aims to streamline its waste-to-energy operations and strengthen control over its sustainability-focused business verticals. The company continues to expand into renewable energy, green hydrogen, and circular economy initiatives.

Market sentiment remained positive following the announcement, with NTPC shares trading higher during early session hours.

Overall, the acquisition reflects NTPC’s strategy to integrate and expand its sustainability and waste-to-energy portfolio under a unified ownership structure.

Disclaimer

This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered recommendations.

Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.

Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.