Consider the following statements: 1. National Thermal Power Corporation has diversified into hydropower sector. 2. Power Grid Corporation of India has diversified into telecom sector. Which of the statements given above is/ are correct?
- A1 only
- B2 only
- CBoth 1 and 2Correct
- DNeither 1 nor 2
Explanation
The correct answer is C because both statements are factually accurate regarding the expansion strategies of these public sector undertakings.
Statement 1 is correct because NTPC, originally focused on thermal power, has significantly diversified into the hydropower sector. It operates major projects like the Koldam Hydro Power Station in Himachal Pradesh and has acquired stakes in other hydro power companies like NEEPCO and THDC India Limited.
Statement 2 is correct because Power Grid Corporation of India utilizes its extensive overhead transmission infrastructure to operate a fiber optic network. It has established a dedicated telecom brand called POWERTEL, which provides backbone connectivity and services to various internet service providers and telecom operators.
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