NTPC plans to buy 5% equity in Power Exchange of India Ltd (PXIL)

NTPC Ltd, a State-owned power generation company has planned to acquire a 5% equity stake in Power Exchange of India Ltd (PXIL). It must be noted that government is planning to expand the share of the spot power market in total electricity supply in India to 25 percent by 2023-24. At present the size of short-term power trading is about 5 percent.

About PXIL:

According to the data available on the portal of the Ministry of Corporate Affairs, the authorized share capital of PXIL, which was incorporated on February 20, 2008, the authorised share capital of the PXIL is Rs 120 crore and paid-up capital is  Rs 58.47 crore.