The government plans to divest 9.5% stake in NTPC to raise up to Rs 12,000 cr

In a move that could boost the valuation of NTPC, the government will restore allocation of three cancelled coal blocks of the public sector company on Tuesday, a month before the power generator’s public issue hits the market. The Cabinet had recently given its go-ahead for restoration of the blocks. “The three coal blocks (of NTPC) would be re-allocated tomorrow,” Power Minister Jyotiraditya Scindia told reporters after a ministerial panel’s meeting.