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?
A
1 only
B
2 only
C
Both 1 and 2
D
Neither 1 nor 2
Correct Answer: Option C
Explanation
1 Statement 1 is correct. National Thermal Power Corporation (NTPC), primarily known for thermal power generation, has diversified into the hydropower sector by taking up hydroelectric projects (e.g., Koldam).
2 Statement 2 is correct. Power Grid Corporation of India (PGCIL), responsible for bulk power transmission, has diversified into the telecom sector by leveraging its extensive transmission infrastructure to offer optic fibre network services (POWERTEL).