ONGC to invest in nuclear power plants of NPCIL

We are in discussions with NPCIL for incorporating a joint venture for setting up a nuclear power plant. NPCIL will have a minimum of 51% stake in the joint venture while ONGC would have a maximum of 49 percent," a company official said.

The joint venture would build, own and operate nuclear power plants for energy generation at mutually agreed locations. It would be managed by a Board of Directors made up of nominees from both the companies.

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