LNJ Bhilwara buys out Statkraft’s 49% stake in hydro power JV
LNJ Bhilwara Group has bought out Statkraft’s 49% stake in a hydro power JV, according to a disclosure to stock exchanges.
LNJ Bhilwara group company HEG will buy out Statkraft’s stake in Malana Power Company for an undisclosed sum, the disclosure said.
“As we assume complete ownership of the Malana Power Company assets, LNJ Bhilwara Group is strategically positioned to scale its presence in the power sale business and actively explore new opportunities in renewable energy, with growth and technology at the core,” said Riju Jhunjhunwala, managing director, Bhilwara Energy.
