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Lockdown stalled NCLT clearance for Rangit Stage IV Hydroproject in Sikkim

May 05, 2020 - The Economic Times

Lockdown has put final clearance from National Company Law Tribunal (NCLT) for NHPC limited to take over insolvency hit 120MW Rangit Stage IV hydroproject in Himalayan state Sikkim to a halt. But the Mini Ratna PSU has started its homework on the project to minimize cost and time overrun."After official clearance from NCLT, NHPC also needs formal nod from Public Investment Board (PIB) and Consultative Committee of Economic Affairs(CCEA) to start working on the project. This lockdown is undoubted...