NTPC enters into an MoU with SAIL, RINL, CIL & NMDC

New Delhi, Sept 3 (UNI) Thermal power major NTPC today said it has signed an agreement with Steel Authority of India Ltd (SAIL),Rashtriya Ispat Nigam Ltd (RINL), Coal India Ltd (CIL) and National Mineral Development Corporation Ltd (NMDC) to form a special purpose vehicle (SPV) for securing thermal coal from outside the country.

Under this SPV, the parties will cooperate to create project and/or country specific joint venture company which may also involve equity participation.

UNI