NTPC Limited has informed the Exchange about General Updates that Resolution Plan submitted by the Consortium of Maharashtra State Power Generation Company Limited and NTPC Limited ( Consortium ) for Sinnar Thermal Power Limited ( STPL ), a company undergoing Corporate Insolvency Resolution Process ("CIRP") under the Insolvency and Bankruptcy Code 2016 ("IBC"), has been approved by the Committee of Creditors ("COC"). The consortium has received a Letter of Intent ("LOI") from the Resolution Professional ("RP") on June 14, 2025 in this regard, subject to acceptance of associated terms and conditions. The implementation of the resolution plan is subject to the terms outlined in the LOI and the necessary approvals from the National Company Law Tribunal, Delhi, and/or any other relevant regulatory authority, court, or tribunal, under applicable laws. STPL owns a coal based thermal power plant of 5X270 MW (1350MW) capacity at Sinnar, Nashik, Maharashtra. This is for your information and taking on record.
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Awaiting price reaction for this filing.
NTPC, in a consortium with Maharashtra State Power Generation Company Limited (MAHAGENCO), has been approved by the Committee of Creditors as the successful resolution applicant for Sinnar Thermal Power Limited (STPL), which is currently under the insolvency resolution process (CIRP) under IBC. The consortium received the Letter of Intent from the Resolution Professional on June 14, 2025. STPL owns a 1,350 MW (5x270 MW) coal-based thermal power plant located in Sinnar, Nashik, Maharashtra. The deal is still subject to NCLT Delhi approval and other regulatory clearances before final implementation. This acquisition would add 1,350 MW of operational coal-based capacity to NTPC's portfolio.
Positive for NTPC shareholders — adds 1,350 MW of thermal capacity to NTPC's existing fleet, strengthening its generation base, though final closure depends on NCLT and regulatory approvals which could introduce some timing uncertainty.