NTPC Vidyut Vyapar Nigam Ltd. (NVVN), a wholly owned subsidiary of NTPC Ltd. has recently acquired 5% equity stake in Power Exchange of India Ltd (PXIL). NVVN has purchased these shares from NSE Investment Limited, a co-promoter shareholder of PXIL.
NVVN is one of the top power traders in India and the acquisition of an equity stake in PXIL is a strategic opportunity for NVVN to achieve and maintain a leadership position in the rapidly changing Power trading market.
NVVN was formed by NTPC Ltd., India’s largest power generator and a Maharatna Company, in the year 2002, as its wholly owned subsidiary to tap the potential of power trading in the country. NVVN holds a highest Category ‘I’ power trading license in terms of latest CERC regulations. The company has 200 total employees across all of its locations, and there are 203 companies in the NVVN corporate family.
Power Exchange India Limited (PXIL) is India’s first institutionally promoted power exchange. The company has been providing innovative and credible solutions since 2008, and has revolutionized the way Indian power markets operate. PXIL’s unique combination of local insights and global perspectives has helped its members make better informed business and investment decisions, and has improved the overall efficiency of power markets in India by accurately and seamlessly connecting buyers and sellers. PXIL’s ‘PRATYAY’ is a trading system for meeting all customers’ trading requirements.
