State-run power generator NTPC and the National Investment and Infrastructure Fund (NIIF) will now jointly explore business opportunities in India.
NIIF will be acting through National Investment and Infrastructure Fund Ltd (NIIFL) to explore opportunities for investments in areas of mutual interest with NTPC, such as renewable energy and power distribution.
A Memorandum of Understanding (MoU) for the same was signed on Thursday.
The partnership aims to bring together NTPC’s technical expertise and NIIF’s ability to raise capital, and bring in global best practices by leveraging existing relationships with leading players, said an NTPC statement.
NTPC group has ...
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