Why is NTPC planning to sell its stake in its joint venture with SAIL?
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NTPC plans to sell its stake in NTPC-SAIL Power, the 50:50 JV back to SAIL. The JV was formed by acquiring captive power units of SAIL’s plants at Durgapur, Rourkela and Bhilai. NTPC is making a big shift towards green energy and reducing fossil fuel assets to improve its mix. This will reduce NTPC’s carbon footprint.
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