Bajaj Hindusthan drops plan to sell cogen biz

Bajaj Hindusthan drops plan to sell cogen biz

Debt-ridden Bajaj Hindusthan Sugar has shelved the plan to sell power business to group firm Lalitpur Power Generation Company for about Rs 1,200 crore, even as its lenders have initiated resolution process under S4A to restructure loans.

The company had announced plans in December to sell its co-generation power business, having 449 MW capacity at 14 locations in Uttar Pradesh, to LPGCL for about Rs 1,800 crore. Read More…

 

 

Credit By: The Times Of India

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