In a strategic move to enhance its generation capacity and revive stalled infrastructure, NTPC Limited has secured the Letter of Intent (LoI) to acquire Sinnar Thermal Power Ltd (STPL) — a 1350 MW (5×270 MW) coal-based plant located in Nashik, Maharashtra. The acquisition was made through the National Company Law Tribunal (NCLT) process, in collaboration with Maharashtra State Power Generation Co. Ltd (Mahagenco).
The acquisition demonstrates NTPC’s continued leadership in leveraging India’s Insolvency and Bankruptcy Code (IBC) framework to resolve stressed assets and bring them back into productive use. The Sinnar plant, with its strategic location and existing infrastructure, attracted interest from several major players — reflecting the growing demand for operational and near-operational assets with locational advantages.
By successfully emerging as the preferred bidder, NTPC has reaffirmed its financial prudence and operational confidence. With its proven execution capabilities, NTPC is well-positioned to revive and integrate the Sinnar plant into the national grid, contributing to the country’s energy security and efficient asset utilization.
This acquisition highlights how public sector enterprises like NTPC are not only expanding their portfolios but also playing a pivotal role in unlocking value from stalled infrastructure — aligning with national objectives of sustainable growth and energy accessibility.
