NTPC may foray into power distribution business: Sources
India's largest power generator NTPC is looking to diversify its business and could foray into power distribution business, sources said. Currently, NTPC looks at states owned discoms (distribution companies) tenders. These discoms are not meeting their targets, and over Rs 3 lakh crore debt was reported for state discoms till December 2016.The company could look at a joint venture route and is eying discoms where 51 percent stake is being offered.Now, as these discoms have been taken over by the states, and the debts have been taken care by issuing bonds, NTPC believes it is the right time to diversify its business, sources told CNBC-TV18. Diversification will help NTPC enhance its role in the energy cycle and could look at international o.....