Deal Street

December 19, 2016

Luthra & Luthra Law Offices [L&L] assisted NLC & DVC in obtaining Merger Approval


L&L assisted both NLC India Limited (NLC) and Damodar Valley Corporation (DVC) in filing a Form I merger notification with the Competition Commission of India (CCI) and obtaining the requisite approval of the combination. L&L secured an unconditional approval of the combination without any defects being raised by the CCI while evaluating the combination.

NLC and DVC are two of the largest public sector players in the energy sector in India. The JV involved securing extensive approvals from West Bengal, Jharkhand, the Ministry of Power, Government of India and the CCI, among others. NLC provides power to various states across India, including Tamil Nadu, Andhra Pradesh, Karnataka, Kerala, Telangana, Rajasthan and Union Territory of Puducherry, with a total installed capacity of 4287.5 MW. DVC operates several power plants in the Damodar valley area of West Bengal and Jharkhand. DVC operates six thermal power stations with a total installed capacity of 7410 MW and three hydroelectric power stations with a capacity of 147.2 MW, which contribute to a total installed capacity of 7557.2 MW.

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