NTPC Incorporates Wholly Owned Subsidiary in Mauritius for Power Sector Development
NTPC Limited has incorporated a wholly owned subsidiary, NTPC (Mauritius) Energy Limited, in Mauritius. The incorporation was completed on June 26, 2026.
The establishment of this new entity marks a strategic move by the company into the international power sector. NTPC (Mauritius) Energy Limited is focused on undertaking the development of a proposed Floating Solar Photovoltaic (FSPV) Project with Battery Energy Storage System (BESS). The subsidiary will also pursue various Power Projects and other businesses related to the power sector in Mauritius.
The details regarding the newly incorporated entity are as follows:
| Particulars | Details |
|---|---|
| Subsidiary Name | NTPC (Mauritius) Energy Limited |
| Incorporation Date | June 26, 2026 |
| Purpose | Development of FSPV Project with BESS and power projects in Mauritius. |
| Capital/Cost of Acquisition | 1,000,000 MUR (INR 19,80,000) |
| Ownership Percentage | 100% held by NTPC Limited |
| Industry | Power generation |
The target entity, NTPC (Mauritius) Energy Limited, was set up with a capital of 1,000,000 Mauritius Rupee. The company is responsible for overseeing the development and execution of these energy projects in the region.
NTPC Stock Price Movement
NTPC Limited shares slipped on Thursday, closing at ₹352.05 after shedding ₹4.55 and settling 1.27% lower from previous close. The stock saw active trading with a volume of 19.77 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.