National Thermal Power Corporation (NTPC) has formed a subsidiary company under the name and style of Bhartiya Rail Bijlee Company on 22 November 2007 for setting up a captive power plant of 1000 MW (2X250MW) at Nabinagar, Bihar. The company shall contribute 74% equity and the balance 26% equity in the share capital of this company shall be extended by Ministry of Railways, Government of India.The company made this announcement during the trading hours today, 22 November 2007.
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