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NHPC to bid for Jal Power Corporation's Rangit hydro project in Sikkim

12 Mar 2019 Evaluate

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.

Peers
Company Name CMP
NTPC 309.10
Tata Power 344.20
Adani Power 191.20
Power Grid Corpn. 260.40
Adani Energy Solut. 1361.00
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