LNJ Bhilwara Group now fully owns Malana Power after acquiring 49% stake
LNJ Bhilwara Group, part of HEG, fully acquires Statkraft's 49% minority stake in Malana Power Company Ltd, owning the 278 MW hydropower assets in Himachal Pradesh. The deal marks a significant milestone in the conglomerate's clean energy journey and strengthens its foothold in India's power sector. Shares of HEG Ltd rose by 1.63%.
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