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NTPC hopeful of completing NEEPCO and THDC acquisition by next month

State-owned power producer NTPC Ltd is hopeful of completing the planned acquisition of the government's 100 per cent stake in North Eastern Electric Power Corporation Ltd (NEEPCO) and 74.5 per cent stake in THDC India by the end of the current financial year.Asked whether the acquisition plan is on track, a top NTPC executive, who did not wish to be named, said: "We will complete it by March end."Earlier the NTPC board of directors in a meeting held on January 27 this year accorded in-principle approval for the acquisition of equity stake of centre in NEEPCO and THDC, along with transfer of management control.The centre had set the overall disinvestment target of Rs 1.05 lakh crore for the 2019-20 fiscal, which is now revised by 40 per cen.....

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