Acquisitions29 Aug 2025, 07:11 pm
GOCL Board Approves In-Principle Acquisition of Thermal Power Operations of HNPCL
AI Summary
GOCL Corporation Ltd. has announced that its Board of Directors has approved, in-principle, the acquisition of the thermal power operations of Hinduja National Power Corporation Limited (HNPCL). This decision comes as part of the Company's strategy to deploy its surplus liquidity and asset base in the next phase of transformation. HNPCL operates a thermal-based power plant with a capacity of 1040 MW near Visakhapatnam, Andhra Pradesh, and reported an income from operations of Rs.3573.36 crores, a net profit of Rs.996.97 crores, and a net worth of Rs.3935.42 crores in its last audited financial statements for FY 2023-24.
Key Highlights
- GOCL Board approves in-principle acquisition of HNPCL's thermal power operations.
- HNPCL operates a thermal-based power plant with a capacity of 1040 MW near Visakhapatnam, Andhra Pradesh.
- HNPCL reported an income from operations of Rs.3573.36 crores, a net profit of Rs.996.97 crores, and a net worth of Rs.3935.42 crores in its last audited financial statements for FY 2023-24.