NHPC receives approval for Lanco Teesta Hydro Power merger
Author: PPD Team Date: January 16, 2025
NHPC Limited has secured approval from the Ministry of Corporate Affairs (MCA) for the merger of Lanco Teesta Hydro Power with NHPC.
The company also received a second insurance payment of Rs 2.50 billion related to business interruption losses from the October 2023 flash flood at the 510 MW Teesta-V Power Station.
NHPC, India’s largest hydropower developer, continues to expand into solar and wind energy.