Power Grid Exits PTC India: NTPC to Become Sole Promoter

NEW DELHI – Power Grid Corporation of India Limited (POWERGRID) has formally approved the withdrawal of its nominee director from the board of PTC India Limited and the relinquishment of all its promoter rights. The decision, finalized during a board meeting on January 30, 2026, marks the end of a 27-year joint promoter era for the country’s leading power trading firm.

This move follows a landmark directive from the Ministry of Power dated January 16, 2026, aimed at simplifying the complex, fragmented ownership structure that has governed PTC India since its inception.

The New Order: NTPC Takes the Reins

The Ministry's restructuring plan consolidates management control under NTPC Limited, India's largest power generator, making it the sole promoter of PTC India.

• The Exits: Along with POWERGRID, two other founding promoters—Power Finance Corporation (PFC) and NHPC Limited—are mandated to withdraw their nominee directors and relinquish promoter status.
• Reclassification: These three entities will now apply to SEBI to be reclassified as "Public Shareholders."
• Stake Snapshot: Historically, each of the four PSU promoters held an equal 4.05% stake. Under the new arrangement, NTPC's 4.05% will carry sole promoter rights, while the remaining 12.15% (held by PFC, Power Grid, and NHPC) will move to the public category.

Why Now? The Strategic Rationale

The Ministry of Power’s decision appears to be a multi-pronged effort to:

• Resolve Governance Lapses: Address long-standing issues that led to the mass resignation of independent directors in 2022.
• Agile Decision-Making: Move away from a "fragmented" promoter base to a single-point responsibility under NTPC.
• Synergy: Align PTC's power trading and renewable energy platforms more closely with NTPC’s massive generation capacity.

Power Grid: Financial Results & Dividends (Q3 FY26)

While exiting the PTC promoter role, POWERGRID remains in a strong financial position, as reflected in its results released alongside this announcement:

• Net Profit: Reported at ₹4,160 crore, a 6.8% YoY increase.
• Interim Dividend: The Board approved a second interim dividend of ₹3.25 per share (Record date: Feb 9, 2026).
• Capital Expansion: Authorized fresh borrowing of up to ₹32,000 crore to fund its massive green energy transmission projects.