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NHPC says declared as highest bidder for Lanco Teesta Hydro Power

Press Trust of India  |  New Delhi 

NHPC Thursday said it has been declared as the highest bidder by the creditor of debt-ridden Lanco Teesta Hydro Power.

It has also received a letter of intent from the committee of creditors of Lanco Teesta Hydro Power, NHPC said in a regulatory filing.

"...it is to inform that has been declared as the successful resolution applicant by the committee of creditors of Lanco Teesta Hydro Power Ltd," said NHPC.

However, it also added that this would be subject to final approval by the

Lanco Teesta Hydro Power is a 500-megawatt hydropower project on the in

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 06 2018. 20:00 IST
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