Bajaj Hindusthan To Sell Power Business To Group Firm For Rs 1,800 Crore

New Delhi: Bajaj Hindusthan Sugar Ltd plans to sell its co-generation power business to its group company Lalitpur Power Generation Company Ltd (LPGCL) for about Rs 1,800 crore. The company's board today "considered approval of sale and transfer of co-generation power business of aggregating capacity of 449 MW located at 14 locations to LPGCL for a lumpsum consideration in cash of about Rs 1,800 crore as a going concern on slump sal...