Larsen & Toubro Ltd. (L&T) has announced the divestment of how much per cent stake in the 3 x 33 MW (99 MW) run of the river hydroelectric power plant to Renew Power Services Private Ltd?
Larsen & Toubro Ltd. (L&T) has announced the divestment of how much per cent stake in the 3 x 33 MW (99 MW) run of the river hydroelectric power plant to Renew Power Services Private Ltd? Correct Answer 100
The correct answer is 100%.
- Larsen & Toubro Ltd. (L&T) has announced the divestment of 100% stake in the 3 x 33 MW (99 MW) run of the river hydroelectric power plant to Renew Power Services Private Ltd for 985 cr rupees.
- It is owned by its subsidiary L&T Uttaranchal Hydropower Limited (LTUHPL).
- The transaction is expected to close before 30 September 2201.
- This is in line with L&T stated intention to divest non-core assets & improve shareholder value.
- Sumant Sinha is the Founder, Chairman and CEO of ReNew Power.
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Feb 20, 2025