The members of the PTC India Ltd board have recently announced changes to the company’s articles of association, which include the removal or modification of certain clauses pertaining to the transfer of rights from three promoters: NHPC Ltd, Powergrid Corporation of India Ltd, and Power Finance Corporation Ltd.
According to recent media reports, the Ministry of Power has instructed other PSU firms, such as PFC, Power Grid, and NHPC, to cede their promoter rights and nominee directors in order for power giant NTPC Ltd to become the sole promoter of PTC India Ltd starting in January 2026. These four entities had a 16% combined interest in the business before.
A total of six public sector firms—NTPC Ltd, Power Grid Corporation of India Ltd, Power Finance Corporation, NHPC Ltd, Damodar Valley Corporation, and Life Insurance Corporation—form the board of directors of PTC India Ltd. Consequently, the articles of association were revised to eliminate the promoter powers of the nominee directors from the existing firms, and they will resign from the board. In addition, the current PTC CMD will be moving into the position of managing director, and the chairman and managing director of NTPC Ltd will be splitting up. The promoter’s stake is at 16.22% as of the beginning of 2026.
The four largest public sector companies in India’s power sector—NTPC, Power Grid, PFC, and NHPC—have banded together to form PTC India Ltd, a public-private partnership spearheaded by the country’s Ministry of Power.
