Latest News | Indsil Hydro Power Sells 12 MW Plant for Rs 11.40 Cr

New Delhi, Jun 16 (PTI) Indsil Hydro Power and Manganese on Friday announced the sale of its 12 MW power plant at Raipur in Chhattisgarh for Rs 11.40 crore.

"The company has entered into a transaction with a buyer for the sale of the 12 MW power plant of the company situated at Raipur, Chhattisgarh for an aggregate consideration of Rs 11.40 crore (exclusive of GST and applicable charges)," according to a BSE filing.

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The buyer is not related to the promoters/ promoter group of the company and is not a related party transaction, it stated.

The power plant was not operational and hence, the said sale will not affect the operations of the company, it added.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)