NTPC Limited (NSEI:NTPC) is mulling acquiring 5% equity stake in Power Exchange of India Ltd. (PXIL) that provides various electricity trading options, a senior official said. The PXIL is India's first institutionally promoted power exchange, which has been providing various electricity trading solutions and connecting buyers as well sellers since 2008. A senior official told PTI that NTPC has plans "to buy up to 5% equity stake in PXIL.

This decision has been taken in view of the government's intention to increase the share market to 25% of total electricity supply in India by 2023-24". Asked whether NTPC would acquire more equity than 5% in PXIL, the official explained that the NTPC cannot buy more than 5% equity stake in the PXIL as it could also be a seller or buyer on the trading platform.