State-owned SJVN's stake in Kholongchhu Hydro Energy was brought by the joint venture partner Druk Green Power Corporation of Bhutan at Rs 354.7 crore. Shares of SJVN ended at Rs 34.50, up by Rs 0.30, or 0.88 percent on the BSE.
State-owned SJVN on Wednesday, January 25, said the company has sold its entire stake in Bhutanese joint venture Kholongchhu Hydro Energy Ltd (KHEL) for Rs 354.7 crore.
Recommended ArticlesView All
This Microsoft project is enabling the digital presence of low-resource languages
Jan 30, 2023 IST7 Min(s) Read
CEOs, CXOs may see 9.1% salary hike, focus on performance-linked pay: Survey
Jan 30, 2023 IST4 Min(s) Read
Wizards of the Street | Cash is a depreciating asset and an opportunity, says Vijay Kedia
Jan 30, 2023 IST2 Min(s) Read
Prakash Javadekar — Challenging task in hand as Kerala in-charge of BJP
Jan 30, 2023 IST8 Min(s) Read
The entire stake of Kholongchhu Hydro Energy Ltd was brought by the joint venture partner Druk Green Power Corporation, Bhutan.
"We inform you that the Company has sold its entire stake in the Bhutanese Joint Venture Company i.e, Kholongchhu Hydro Energy Limited (KHEL) as per the directions received from the Ministry of Power, Government of India," the company said in an exchange filing.
The company was yet to commence its commercial operations. The expected date of completion of the sale is January 24, 2023, SJVN said.
Shimla-based SJVN is a joint venture between the central government and the government of Himachal Pradesh.