Bharat Heavy Electricals Limited (BHEL) has approved a further investment of ₹65 crore in its joint venture with NTPC Ltd, NBPPL, to settle urgent liabilities and maintain operations. The investment is planned to be completed in the fiscal year 2026-27, with BHEL retaining a 50% shareholding in the venture, according to livemint.com.
The decision to inject ₹65 crore into NBPPL was made to address pressing financial obligations and ensure the smooth functioning of the joint venture. BHEL and NTPC Ltd jointly operate NBPPL, and this capital infusion will help stabilize the company's operations without requiring any regulatory approvals. The investment underscores BHEL's commitment to supporting the venture's ongoing projects and financial health.
This move comes amid a period of strong performance for BHEL, whose shares have recently hit multiple record highs and are on track to extend their annual winning streak to six consecutive years. The additional funding in NBPPL reflects broader efforts by public sector companies to strengthen their joint ventures and maintain operational continuity in critical energy infrastructure projects.
The ₹65 crore investment is set to be completed within the fiscal year 2026-27, with BHEL maintaining its equal partnership stake in NBPPL. This capital allocation aims to secure the joint venture’s financial stability and operational capacity, reinforcing its role in India’s energy sector.