IPCL enters into agreement with French company ENGIE to acquire shares of MEPL

Q.  IPCL has entered into an agreement with which company to acquire shares of MEPL?
- Published on 26 Feb 16

a. ENGIE
b. TNGIE
c. LNGIE
d. None of the above

ANSWER: ENGIE
 
India Power Corporation Limited has entered into an agreement with ENGIE of France to acquire shares of MEPL or Meenakshi Energy Private Limited. MEPL is a coal fired thermal power company located in AP’s Nellore district. IPCL indicated ENGIE used to hold 90% stake in the company which will be purchased in entirety by IPCL.

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