{"id":12690,"date":"2022-01-02T10:51:09","date_gmt":"2022-01-02T05:21:09","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-ntpc-pxil\/"},"modified":"2022-01-02T12:11:02","modified_gmt":"2022-01-02T06:41:02","slug":"biz-ntpc-pxil","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-ntpc-pxil\/","title":{"rendered":"NTPC plans to acquire 5 pc equity in PXIL"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2588124028\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Jan 2 (PTI) State-run power giant NTPC is mulling acquiring 5 per cent equity stake in Power Exchange of India Ltd (PXIL) that provides various electricity trading options, a senior official said.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1887464124\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> The PXIL is India&#8217;s first institutionally promoted power exchange, which has been providing various electricity trading solutions and connecting buyers as well sellers since 2008.<\/p>\n<p>  A senior official told PTI that NTPC has plans &#8220;to buy up to five per cent equity stake in PXIL. This decision has been taken in view of the government&#8217;s intention to  increase the share market to 25 per cent per cent of total electricity supply in India by 2023-24&#8221;.<\/p>\n<p> Asked whether NTPC would acquire more equity than 5 per cent in PXIL, the official explained that the NTPC cannot buy more than 5 per cent equity stake in the PXIL as it could also be a seller or buyer on the trading platform.<\/p><div class=\"trade-content_5\" id=\"trade-369605514\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> According to the data available on the Ministry of Corporate Affairs portal, the authorised share capital of the PXIL is Rs 120 crore and paid-up capital is Rs 58.47 crore. The PXIL was incorporated on February 20, 2008.<\/p>\n<p> The government intends to expand the share of the spot power market in total electricity supply in the country to 25 per cent by 2023-24. This is likely to be part of the draft National Electricity Policy (NEP).<\/p>\n<p> An expert group set up by the Power Ministry has recommended expanding the size of short-term power trading from about 5 per cent at present to 25 per cent by  2023-24. The Ministry of Power is reportedly vetting the recommendation of the expert panel submitted in October 2021.<\/p>\n<p> According to the Central Electricity Regulatory Commission (CERC), the share of short-term market accounted for 10 per cent of of the total electricity procured in 2019-20. The remaining 90 per cent of total power supply was procured mainly by discoms via long-term contracts and short-term intra-state transactions.<\/p>\n<p> As per industry data, short-term trading is around 14-15 per cent of total power supply in India and most of that is bilateral PPAs (power purchase agreements) while the exchange trading is 5 per cent. The government intends to increase this 5 per cent to 25 per cent by 2023-24. PTI KKS ANZ  MKJ<\/p>\n<div class=\"trade-after-content\" id=\"trade-2468915830\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Jan 2 (PTI) State-run power giant NTPC is mulling acquiring 5 per cent equity stake in Power Exchange of India Ltd (PXIL) that provides various electricity trading options, a senior official said. The PXIL is India&#8217;s first institutionally promoted power exchange, which has been providing various electricity trading solutions and connecting buyers as [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-12690","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NTPC plans to acquire 5 pc equity in PXIL - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-ntpc-pxil\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NTPC plans to acquire 5 pc equity in PXIL\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Jan 2 (PTI) State-run power giant NTPC is mulling acquiring 5 per cent equity stake in Power Exchange of India Ltd (PXIL) that provides various electricity trading options, a senior official said. 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