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Last Updated : Jan 03, 2017 09:32 AM IST | Source: Moneycontrol.com

Bajaj Hindusthan to sell co-generation power biz; shares up 4%

The company at its meeting held on January 02, has considered the sale of co-generation business comprising of power generation facility aggregating to 449 MW.

 
 
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Moneycontrol Bureau

Shares of Bajaj Hindusthan Sugar gained more than 4 percent intraday Tuesday as it has entered into contract for sale of co-generation power business.

The company at its meeting held on January 02, has considered the sale of co-generation business comprising of power generation facility aggregating to 449 MW.

The company has entered into contracts/arrangements in respect of the aforesaid transaction with related party for sale of co-generation power business and also transactions of purchase of power and steam, sale of Bagasse, Bio gas and water, right to use agreement for use of common facilities.

At 09:22 hrs Bajaj Hindusthan was quoting at Rs 15.28, up Rs 0.50, or 3.38 percent on the BSE.

Posted by Rakesh Patil

First Published on Jan 3, 2017 09:27 am
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