Acquisitions24 Dec 2025, 06:11 pm
Bhilwara Energy to Acquire 100% Stake in 76 MW Phata Byung Hydroelectric Project in Uttarakhand
AI Summary
Bhilwara Energy Limited, a power sector arm of LNJ Bhilwara Group, has entered into a Share Purchase Agreement to acquire 100% equity shares of Mandakini Jal Urja Private Limited from M/s Statkraft IH Holding AS. The acquisition includes the 76 MW Phata Byung Hydroelectric Project, a run-of-the-river hydroelectric project currently under construction and located in Rudraprayag district, Uttarakhand. This strategic addition to Bhilwara Energy’s renewable portfolio aligns with the Group’s long-term vision of developing reliable, sustainable and indigenous power generation assets across India.
Key Highlights
- Bhilwara Energy to acquire 100% stake in 76 MW Phata Byung Hydroelectric Project in Uttarakhand.
- The acquisition aligns with the Group’s long-term vision of developing reliable, sustainable and indigenous power generation assets across India.
- The project is a strategic addition to Bhilwara Energy’s renewable portfolio.
- The acquisition marks Bhilwara Energy’s entry into Uttarakhand.
- The transaction strengthens Bhilwara Energy’s hydropower portfolio.