Kolkata : State-run power major NTPC said on Sunday it wants the proposed 9.5% disinvestment in the company to go through before March 2013.
“There will be a meeting in Department of Disinvestment (DoD) on Dec 15 for taking presentations,” National Thermal Power Corporation (NTPC) chairman Arup Roy Choudhury said on the sidelines of PanIIT here.
Asked when the divestment process is expected to be concluded, he said: “It is DOD’s decision. However, we want it to go through before March.” With the proposed selloff, the government expects to mop up about Rs.13,100 crore. The centre holds 84.50 % stake in NTPC. Post disinvestment, its stake would come down to 75 %. Meanwhile, NTPC’s 1,600-MW thermal power project at Katwa in West Bengal appears to be making little progress amid the meeting between PSU officials and state government ending without any concrete assurance on required land or coal linkage issue. “We need a coal block now as the state government surrendered to the Centre the mines at Dhamagaria which was supposed to provide us the linkages,” he said.