Daily Corporate News & Stock Market Updates
HEG
The company’s associate, Bhilwara Energy, has acquired the remaining 49% minority stake from Statkraft in Malana Power Company Ltd, making it the sole owner. The transaction includes Statkraft’s stake in the Malana Hydropower Plant (86 MW) and Allain Duhangan Hydropower Plant (192 MW), both located in Himachal Pradesh. These plants have been operated as a 51:49 joint venture since 2004. Bhilwara Energy (BEL) has approved a preferential allotment of 1.7 crore shares at Rs 142.08 per share to Singularity Growth Opportunities Fund II and other investors. Post the above allotment, the Investors’ holdings will increase from 9.6% to 17.51% of BEL.
Vikram Solar
The company reported a revenue of Rs 1,133.6 Cr, recording a growth of…
