GMR Infrastructure buys 80% stake in Himtal Hydro Power

New Delhi, Jan 7 (UNI) GMR Infrastructure Ltd today said its subsidiary GMR Energy Ltd has acquired 80 per cent stake in Nepal-based Himtal Hydro Power Co (P) Ltd.

Himtal has subsisting Survey Licence issued by the Department of Electricity Development, Government of Nepal for undertaking the Feasibility Study and Environmental Impact Assessment Study for setting up a 250 MW Hydro Power Project, located at Upper Marsyangdi in Nepal, a statement said.

The company said the necessary approval has been obtained from Investment Promotion Board, Department of Industries of Government of Nepal and GMR Energy Ltd being the majority shareholder, has nominated Directors on the Board of Himtal.

GMR Group is one of the fastest growing and leading private sector organisations in India with interests in Infrastructure and Agri-Business.

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