NHPC Takeover Of Lanco Teesta Hydro Power Limited
2019-10-10 Business Deals / Tie-ups Power Eastern India
NHPC Limited has announced for takeover of Lanco Teesta Hydro Power Limited. Now LTHPL is wholly owned subsidiary of NHPC Limited.
The company has completed the formalities for the takeover of the 500 MW (125 MW X 4) Teesta VI HEP on Teesta River by remitting the resolution plan consideration of Rs 897.50 Crore to the account of Lanco Teesta Hydro Power Limited (LTHPL) for distribution to all the creditors as per the approved resolution plan.