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L&T signs agreement to divest Singoli-Bhatwari Hydroelectric Project

11 Aug 2021 Evaluate

Larsen & Toubro (L&T) has declared the divestment of 100% stake in the 3 x 33 MW (99 MW) run of the river hydroelectric power plant owned by its subsidiary L&T Uttaranchal Hydropower (LTUHPL) to Renew Power Services, a wholly owned subsidiary of Renew Power. This is in line with the declared L&T focus of divesting non-core assets and improving shareholder value.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.

Peers
Company Name CMP
Larsen & Toubro 3860.00
Kalpataru Projects 1447.10
NCC 137.00
Rail Vikas Nigam 210.30
KEC International 402.50
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