The Bihar government is preparing to list its power transmission company on the stock market in a move aimed at enhancing public participation in the state’s growth, a senior official said.
In a video interview with PTI, Bihar Energy Secretary Manoj Kumar Singh said, “We are planning to list our transmission company on the stock exchange and have issued an Expression of Interest (EoI) to onboard merchant bankers.”
Bihar State Power Transmission Company Ltd (BSPTCL) is set to become the first state-owned transmission utility to go public, with the listing proposed on the NSE.
Singh noted that the size of the issue will be determined after the merchant bankers are appointed. “Once they are onboard, they will guide us through the IPO process and assess how much capital can be raised from the market,” he said.
Explaining the rationale, Singh described listing as a natural step for a profitable business. “Our transmission company has been consistently profitable for over a decade. We wa​The Bihar government is preparing to list its power transmission company on the stock market in a move aimed at enhancing public participation in the state’s growth, a senior official said.
In a video interview with PTI, Bihar Energy Secretary Manoj Kumar Singh said, “We are planning to list our transmission company on the stock exchange and have issued an Expression of Interest (EoI) to onboard merchant bankers.”
Bihar State Power Transmission Company Ltd (BSPTCL) is set to become the first state-owned transmission utility to go public, with the listing proposed on the NSE.
Singh noted that the size of the issue will be determined after the merchant bankers are appointed. “Once they are onboard, they will guide us through the IPO process and assess how much capital can be raised from the market,” he said.
Explaining the rationale, Singh described listing as a natural step for a profitable business. “Our transmission company has been consistently profitable for over a decade. We wa ​Latest News [ SOBAN NEWS: International and National ]
