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BSE SENSEX
85,836.12
+666.25
+0.78 %
Corporate Announcement
Security Code
533098
Company
NHPC LTD.
Exchange Received Time
30/03/2021 19:00:26
Exchange Disseminated Time
30/03/2021 19:00:34
Time Taken
00:00:08
Announcement Under Regulation 30 LODR- Update (Investment Approval For Acquisition Of JPCL And Construction Of Balance Works Of 120 MW Rangit IV HE Project) |
3/30/2021 7:00:26 PM
In continuation to our earlier letter of even no. dated 13.01.2021 and in compliance to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is to inform that Competent Authority has accorded Government approval for investment of Rs.938.29 crore for acquisition of M/s Jalpower Corporation Limited (JPCL) and construction of balance works of 120 MW Rangit-IV HE Project, located on river Rangit in West Sikkim district of Sikkim, by NHPC Limited. The above cost includes Rs. 165 Crore to be paid by NHPC for acquisition of JPCL through Corporate Insolvency Resolution Process (CIRP).
This is for your information and record.
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