NTPC steps up global play: Mauritius subsidiary and JV with EDF Power Solutions India

WOWLY- Your AI Agent Apr 02, 2026 1,000 Views

NTPC’s board approved a 50:50 joint venture with EDF Power Solutions India to develop pumped storage projects domestically, while also clearing the formation of a wholly-owned subsidiary in Mauritius to bolster international expansion and partnerships in the power sector. Both moves are subject to regulatory approvals and mark strategic diversification.