NTPC and UPRVUNL Sign Supplementary JV Agreement for Meja Power Plant Capacity Enhancement
NTPC Limited and UPRVUNL signed a Supplementary Joint Venture Agreement (SJVA)-III on June 4, 2026. This agreement enhances the capacity of Meja Stage-II from 2x660 MW to 3x800 MW for their joint venture, Meja Urja Nigam Private Limited (MUNPL).
The capacity enhancement of a power plant is a significant development for NTPC, impacting its production capabilities and market presence, thus having a medium-term impact.
The signing of a supplementary joint venture agreement to enhance power plant capacity is a positive development, indicating growth and expansion for the company.
NTPC Limited (NTPC) and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) have signed the Supplementary Joint Venture Agreement (SJVA)-III on June 4, 2026, in Lucknow. This agreement pertains to Meja Urja Nigam Private Limited (MUNPL), a 50:50 joint venture between NTPC and UPRVUNL.
The primary purpose of SJVA-III is to incorporate provisions for the capacity enhancement of Meja Stage-II. The capacity will be increased from the current 2x660 MW to 3x800 MW within the framework of the Joint Venture Agreement.
The signing ceremony was attended by the MD of UPRVUNL, the CEO of MUNPL, and senior officials from NTPC, UPRVUNL, and MUNPL.
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NTPC Limited filed this with the NSE as a statutory disclosure, categorised under joint ventures. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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