State-run National Thermal Power Corporation Ltd has approved the plan to invest up to Rs 1000 crore in its joint venture company, Aravali Power Company Pvt Ltd.
Aravali Power is a joint venture firm of NTPC, Indraprastha Power Generation Corporation Ltd and Haryana Power Generation Corporation Ltd.
The board of directors took a decision in this regard at its meeting held on July 3, the thermal power major today said in a communique to the Bombay Stock Exchange.
The investment has been approved to enable the JV company to implement 1500 MW Aravali Super Thermal Power Project at Jhajjar, it said.
NTPC's board gave its nod to invest the company's equity in the JV up to Rs 1000 crore, which includes equity contribution already made by it.
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