Alps Ind to acquire power projects in HP, U'khand
New
Delhi,
Jan
4:
Home
furnishings
firm
Alps
Industries
Ltd
(AIL)
today
it
plans
to
acquire
hydro-power
projects
in
Uttarakhand
and
Himachal
Pradesh.
''We are currently negotiating with several parties for acquisition of allotted hydel power projects in Uttarakhand and Himachal Pradesh,'' a statement said. It added that the firm, based in Ghaziabad, also plans to bid for new projects through its wholly-owned subsidiary Alps Energy Pvt Ltd. In addition, the company will also make direct bids for projects which are yet to be allotted.
UNI
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Story first published: Friday, January 4, 2008, 19:48 [IST]