NTPC To Join Hands With TELK

Kochi: The NTPC board has decided to go for a joint venture with the Kerala-owned Transformers and Electricals Kerala Ltd (TELK). Since a decision on the percentage of equity participation in the joint venture has to be taken by the Centre, NTPC has forwarded its board''s recommendations to the Union Government and a final decision is expected before April 10. The Kerala Government mulls to keep 51 per cent stake in TELK while the rest could be given to NTPC as its investment in modernisation and expansion of the unit. NTPC, which has a lot of captive requirement, will be able to curtail the lead-time in sourcing the capital equipment.