Power Ministry Seeks Major Leadership Shake-up at PTC India, NTPC to be Sole Promoter

• PTC India received a communication from the Power Ministry regarding leadership changes and board restructuring.
• NTPC is proposed to become the sole promoter of PTC India, with PFC, POWERGRID, and NHPC withdrawing their nominee directors.
• The ministry seeks to split the CMD role into a non-executive chairman (NTPC CMD) and an executive managing director (current PTC CMD).
• The arrangement requires amendments to PTC's Articles of Association (40A) and re-classification of other promoters as non-promoters.
• NTPC's Executive Director (CP&BD) will coordinate the implementation of these changes.

Why It Matters: Power Ministry mandates significant leadership and promoter changes at PTC India, making NTPC the sole promoter.