HEG Ltd Divests 76 MW Hydro Project to Bhilwara Energy in Strategic Power Sector Move

Bhilwara Energy, an associate of HEG Ltd within LNJ Bhilwara Group, completed acquisition of full ownership in a 76 MW hydro project previously linked to HEG's power portfolio. The move aligns with ongoing corporate demerger plans separating HEG's graphite and green energy segments.

Core Transaction Points

76 MW hydro capacity transfer to Bhilwara Energy for complete control
Part of broader renewable consolidation including prior Statkraft stake buyout
Supports India's clean energy push with operational synergies

Strategic Impact

Transaction enables Bhilwara Energy to scale hydropower operations, leveraging existing 86 MW Malana and other assets for flexible power supply. HEG benefits from focused graphite business post-demerger, with 40% stake in associate maintaining energy exposure.

Market Context

HEG's power assets, totaling around 76.5 MW historically, now fully under Bhilwara Energy amid energy transition investments like ₹500 Cr from Singularity AMC.
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Sources: Marketscreener, TradingView, ICICI Direct, HEG Ltd filings