NTPC, IndianOil, Coal India plan ₹6k-crore IPO for Hindustan Urvarak & Rasayan by Live mint | May 8, 2026 11:05 pm | Indian Stocks, Market, News NTPC, IndianOil and Coal India each hold a 29.67% stake in Delhi-headquartered Hindustan Urvarak & Rasayan, which was formed in 2016 to set up urea plants in Sindri (Jharkhand), Barauni (Bihar) and Gorakhpur (Uttar Pradesh).