L&T to sell its hydro unit to Renew Power
The Hindu
On Wednesday, Larsen & Toubro Ltd. (L&T) announced the divestment of 100% stake in the 3 x 33 MW (99 MW) run of the river hydroelectric power plant owned by its subsidiary L&T
On Wednesday, Larsen & Toubro Ltd. (L&T) announced the divestment of 100% stake in the 3 x 33 MW (99 MW) run of the river hydroelectric power plant owned by its subsidiary L&T Uttaranchal Hydropower Limited (LTUHPL) to Renew Power Services Private Ltd, a wholly owned subsidiary of Renew Power Private Ltd for ₹985 crore. This is in line with L&T stated intention to divest non-core assets & improve shareholder value.More Related News