Three PSUs to withdraw their promoter rights in shareholding of PTC India, , Will NTPC to remain sole promoter?

New Delhi: The Board Members of the PTC India Ltd has recently declared some changes in the alteration in existing Articles of Association of the Company by way of modification or deletion of relevant clauses of the AOA, which relate to relinquishment of the rights conferred upon three promoters namely, NHPC Ltd., Powergrid Corporation of India Ltd. and Power Finance Corporation Ltd.

In a recent media report, as of January 2026, the Power giant PSU, NTPC Ltd is set to become the sole promoter of PTC India Ltd with the other PSU firms like PFC, Power Grid, and NHPC will relinquish their promoter rights and nominee directors, following the directions issued from the Ministry of Power. Earlier, these four entities held a combined 16% stake in the company.

There are total six public sector firms in the Board of PTC India Ltd like NTPC Ltd, Power Grid Corporation of India Ltd, Power Finance Corporation, NHPC Ltd, Damodar Valley Corporation, Life Insurance Corporation. Therefore, the Nominee directors from the existing companies will leave the board and the Articles of Association had been amended to remove their promoter rights. Further, the role of Chairman and Managing Director of NTPC Ltd is splitting to become the Non-Executive Chairman and the current PTC CMD transitioning to Managing Director. As of early 2026, the promoter holding is approximately 16.22%. 

PTC India Ltd is a Government of India initiative as a Public-Private Partnership through Ministry of Power promoted by Public Sector Majors in the industry namely, NTPC, Power Grid, PFC and NHPC.