NHPC receives approval for Lanco Teesta Hydro Power merger
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.