After unbundling of WAPDA, NTDC was incorporated as a Public Limited Company in Nov 06, 1998 under the Companies Ordinance 1984 (now Companies Act 2017), with its Head Office at Lahore. After having Certificate for Commencement of Business, NTDC started its commercial operations from March 01, 1999.

NEPRA granted Transmission License to NTDC in December 2002 to engage in the exclusive transmission business for a term of thirty (30) years.

The paid-up/share Capital of the company is Rs. 52.7 Billion (5.27 Billion ordinary shares of Rs. 10 each). GoP owns 88% shares whereas employee owns 12%.

NTDC Ist tariff was determinate by NEPRA in April, 2004.