NTPC acquires 5 percent equity stake in PXIL

A strategic opportunity for NVVN to achieve and maintain its position in the rapidly changing power trading market.

NTPC Vidyut Vyapar Nigam Ltd., a wholly-owned subsidiary of NTPC has acquired a 5 percent equity stake in Power Exchange of India Ltd (PXIL). NVVN has purchased these shares from NSE Investment Limited, a co-promoter shareholder of PXIL today.

NVVN is one of the top power traders in India and the acquisition of an equity stake in PXIL is a strategic opportunity for NVVN to achieve and maintain a leadership position in the rapidly changing power trading market.

NVVN was formed by NTPC Ltd. and a Maharatna Company, in the year 2002, as its wholly-owned subsidiary to tap the potential of power trading in the country. NVVN holds a highest category ‘I’ power trading license in terms of the latest CERC regulations.

PXIL is India’s first institutionally promoted power exchange, promoted by NSE Investment Ltd. and NCDEX and has been providing innovative and credible solutions since 2008.