Target Entity: NTPC BHEL Power Projects Private Limited (NBPPL)
Type of Deal: Equity investment in existing Joint Venture company
Stake/Capacity: BHEL will maintain its existing 50% shareholding in the 50:50 joint venture with NTPC Limited
Deal Value: ₹65 Crore to be invested in one or more tranches
Funding Source: Cash resources
Financial Impact: The investment is intended to enable settlement of urgent liabilities and to maintain NBPPL as a going concern. Financial impact on BHEL's revenue or profitability is not disclosed.
NBPPL Financial Performance:
- 2025-26: ₹1.04 Crore (Provisional turnover)
- 2024-25: ₹3.48 Crore (Turnover)
- 2023-24: ₹18.19 Crore (Turnover)
Timeline: Investment to be made during FY 2026-27
Strategic Rationale: NBPPL was incorporated in April 2008 with the objective to execute EPC contracts for Power Plants and manufacture power plant equipment. The investment is primarily intended to maintain the company as a going concern and settle urgent liabilities.
Approval Status: Approved by Board of Directors in meeting held on 14th September, 2026
Reference Regulation: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Regulation 30
Additional Details:
- The equity investment will be made at face value by both promoter companies
- The transaction is done at arm's length
- NBPPL operates primarily in India
- Board meeting commenced at 4:37 PM and concluded at 6:22 PM