NHPC will bid for Jal Power Corporation's Rangit hydro project in Sikkim, which is undergoing insolvency proceedings.
The Rangit Stage IV 120 MW project is a stressed asset and is undergoing insolvency proceedings in the National Company Law Tribunal (NCLT).
NHPC is engaged in electric power generation by hydroelectric power plants. The company is also engaged in contracts, project management and consultancy works.