In continuation to our earlier letter of even no. dated 13.01.2021 and in compliance to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 it is to inform that Competent Authority has accorded Government approval for investment of Rs.938.29 crore for acquisition of M/s Jalpower Corporation Limited (JPCL) and construction of balance works of 120 MW Rangit-IV HE Project located on river Rangit in West Sikkim district of Sikkim by NHPC Limited. The above cost includes Rs. 165 Crore to be paid by NHPC for acquisition of JPCL through Corporate Insolvency Resolution Process (CIRP).
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