Tata Power acquires 40% stake in Bhutan’s Dorjilung hydro project
Tata Power has completed the first tranche of its strategic investment in Dorjilung Hydro Power Limited (DHPL), acquiring a 40% equity stake in the company formed to develop the 1,125 MW Dorjilung Hydro Power Project in Bhutan. The investment of Rs 50 crore represents the initial phase of a total planned investment of about Rs 1,572 crore. In a regulatory filing to the stock exchanges, Tata Power stated that it has subscribed to 50,00,000 equity…
