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NTPC may pick up 49 pc equity in TELK.
(From Business Line)
from BUSINESS LINE, November 28, 2006 Thiruvananthapuram, Nov. 27 - The National Thermal Power Corporation (NTPC) is likely to pick up 49 per cent equity in the State-owned Transformers and Electricals Kerala Ltd (TELK)
This will mean the Kerala Government will retain the controlling stake in the company
According to officials in the Industries Department, SBI Caps is conducting a valuation study of the company to arrive at the amount that NTPC will have to bring in as equity
This apart, the central PSU will also chip in funds by way of loans to streamline the operations of TELK, including higher capacity utilisation …
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