Power Grid Corporation of India has entered into an agreement with NTPC to set up the National Electricity Distribution Company (NEDCL). NEDCL will be a joint venture of the two on 50:50 equity basis. The main aim of this JV is to undertake business for distribution of electricity in distribution circles of India and related activities.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India. Power Grid transmits about 50% of the total power generated in India on its transmission network.