Reliance Power Ltd arm to transfer rights of Kalai II HEP at Lohit River basin to THDC

An agreement dated December 30, 2023 has been signed with Governor of Arunachal Pradesh, Kalai Power Private Limited, (a subsidiary of Reliance Power Limited) and THDC India Limited (THDC).

The agreement envisages transfer of the development rights and associated physical assets, studies, clearances, designs and intellectual properties of the proposed 1200 MW Kalai-II Hydro-Electric Project located at Lohit River Basin of Arunachal Pradesh to THDC for an aggregate consideration of Rs. 128.39 crore, subject to certain indemnities, representations and covenants.

Shares of Reliance Power Limited was last trading in BSE at Rs. 23.27 as compared to the previous close of Rs. 22.36. The total number of shares traded during the day was 28436759 in over 26287 trades.

The stock hit an intraday high of Rs. 23.40 and intraday low of 22.25. The net turnover during the day was Rs. 650625386.00.

Source : Equity Bulls

Keywords

ReliancePower INE614G01033 KalaiPower Agreement TransferofRights Kalai2 HydroElectricProject 1200MW LohitRiverBasin ArunachalPradesh