CESC to take over two hydro projects from Indiabulls
New Delhi: R P Goenka group company CESC Ltd Wednesday said it has agreed to take over two hydro power projects of 146 MW total capacities from Indiabulls Group.
"CESC has entered into agreements for taking over from Indiabulls Group two hydro-electric power projects of an aggregate capacity of 146 MW in Arunachal Pradesh," the company informed BSE without disclosing the financial details.
The company has acquired entire shares of Pachi Hydro Power Projects Ltd and Papu Hydro Power Projects Ltd, it said.
Meanwhile, the company recently said that it has decided to revive the abandoned Balagarh power project in West Bengal at an estimated investment of Rs 10,500 crore.
The coal linkage for the project would be provided by the state government.
At present, the company is executing a 600 MW project at Haldia in West Bengal and a 600 MW Chandrapur power project in Maharashtra.
Shares of the company closed at Rs 263.3, down 2.28 percent on the BSE.