Nagarjuna Agrichem to invest Rs 100 cr in power project

Nagarjuna Agrichem Ltd, an arm of Nagarjuna Group, today said its Board has approved investment of over Rs 100 crore to implement an hydro power project in Sikkim.

February 04, 2013 / 18:54 IST

26 Aug, 2025 12:21

Volume

Todays L/H

Nagarjuna Agrichem Ltd, an arm of Nagarjuna Group, today said its Board has approved investment of over Rs 100 crore to implement an hydro power project in Sikkim.

The Board of Directors has approved the investment of 20 per cent of the equity capital, which translates to about Rs 101 crore, to implement 300 MW hydro power project in Sikkim, the company said in a statement to the BSE.

The hydro power project being implemented by Himagiri Hydro Energy Pvt Ltd (HHEPL), a Nagarjuna group company, is on Tolung Chu river in north Sikkim district, it said, adding that the project is in very early stage.

Power Minister to meet state energy ministers tomorrow

The shares of Nagarjuna Agrichem Ltd, a pesticides manufacturer in Andhra Pradesh, fell by 3 per cent Rs 5.47 on the BSE.

first published: Feb 4, 2013 06:54 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347