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Finance | April 2017

Bajaj Hindusthan to sell power business for Rs.1,227 cr

Bajaj Hindusthan Sugar Ltd has cut down the deal size to Rs.1,227 crore for selling its power business to group firm Lalitpur Power Generation Company Ltd. The company had announced plans in December 2016 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. In a filing to BSE, the company said its board considered approval of sale of transfer of co-generation power business to LPGCL 'for a lump sum consideration in cash of about Rs.1,227 crore.
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