NTPC, the country’s largest power generator, has taken its first step in the manufacturing business through an acquisition. The company will be buying 44.6 per cent stake in Transformers and Electricals Kerala (TELK), a Kerala government company, which manufactures and repairs transformers.
The state government and its undertakings currently hold 95.6 per cent equity of TELK.
TELK has over 40 years of experience in “manufacture, marketing and servicing of power transformers, current voltage transformers, circuit breakers, isolated phase bus ducts, shunt reactors etc and the deal will help make the company an integrated power major,” said a release from the company.
(Source: Business Standard)
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