NHPC Limited has signed Definitive Agreement on 04.10.2019 for implementation of the approved resolution Plan submitted by NHPC for takeover and resolution of Lanco Teesta Hydro Power Limited (LTHPL), who was implementing the 500 MW (125 MW x 4) Teesta VI HEP on Teesta river in Sikkim.
Hon'ble National Company Law Tribunal (NCLT), Hyderabad bench approved the resolution plan of NHPC on 26.07.2019 for the debt-ridden LTHPL. NHPC has offered Rs. 897.50 Crore as Resolution Plan proceeds for the resolution of LTHPL under the Corporate Insolvency Resolution Process.
Shares of NHPC LTD. was last trading in BSE at Rs.22.6 as compared to the previous close of Rs. 21.95. The total number of shares traded during the day was 411141 in over 673 trades.
The stock hit an intraday high of Rs. 22.75 and intraday low of 21.8. The net turnover during the day was Rs. 9108615.