Bharat Heavy Electricals today said it has bagged a Rs 2,100-crore order.
TCS, part of the Tata Group, will hold a majority stake of 50.02 percent.
NTPC has been running some of its duel-fuel plants on naphtha.
Country's top 10 firms witnessed an erosion of Rs 19,000 crore.
Minister of state for power Jairam Ramesh told Financial Chronicle
JV to test equipment used in transmission and distribution
International Coal Ventures to scout for coal properties abroad
NTPC was trading at Rs 128.50, down 10.08 per cent on the BSE.
Bhel on Thursday said it has won a Rs 1,474 crore contract from NTPC
NTPC seeks to raise about Rs 4,500 crore in debt from overseas markets