Acquisitions9 Sept 2025, 04:41 pm
LNJ Bhilwara Group Acquires Statkraft's 49% Stake in Malana Power Company
AI Summary
LNJ Bhilwara Group, a leading Indian business conglomerate, has acquired Statkraft's 49% minority stake in Malana Power Company Limited. This acquisition makes Bhilwara Energy Limited of LNJ Bhilwara Group the sole owner of the Malana Power Company. The transaction includes Statkraft's stake in the Malana Hydropower Plant (86 MW) and Allain Duhangan Hydropower Plant (192 MW), both located in Himachal Pradesh. This acquisition strengthens LNJ Bhilwara Group's position in clean energy and reaffirms its commitment to contributing to India's sustainable growth story.
Key Highlights
- LNJ Bhilwara Group acquires Statkraft's 49% stake in Malana Power Company
- Bhilwara Energy Limited becomes the sole owner of Malana Power Company
- Transaction includes Statkraft's stake in Malana Hydropower Plant (86 MW) and Allain Duhangan Hydropower Plant (192 MW)
- Acquisition strengthens LNJ Bhilwara Group's position in clean energy
- LNJ Bhilwara Group reaffirms its commitment to contributing to India's sustainable growth story