NTPC to Take Full Control of PTC India; Promoter Roles Restructured

• PTC India's Board noted a Ministry of Power memo for major restructuring.
• NTPC will become the sole promoter of PTC India.
• PFC, POWERGRID, and NHPC to withdraw nominee directors and relinquish promoter rights.
• The CMD role at PTC India will be split: NTPC CMD as Non-Executive Chairman, current PTC CMD as MD.
• NTPC's Executive Director (CP&BD) appointed as Nodal Officer for implementation.

Why It Matters: NTPC is set to assume full control of PTC India, with a significant restructuring of its promoter and management.