GOCL Corp to acquire Hinduja National Power’s 1,040 MW thermal plant in Andhra Pradesh
Published on 29/08/2025 07:59 PM
GOCL Corp to acquire Hinduja National Power’s 1,040 MW thermal plant in Andhra PradeshHinduja National Power Corporation operates a 1,040 MW (2x520 MW) coal-based thermal power plant near Visakhapatnam, Andhra Pradesh, with potential for further capacity expansion. Shares of GOCL Corporation Limited ended at ₹351.80, down by ₹8.50 or 2.36%, on the BSE today (August 29).By Jomy Jos Pullokaran August 29, 2025, 7:59:41 PM IST (Published)1 Min ReadHinduja Group firm GOCL Corporation Limited (GOCL) on Friday, August 29, said its board of directors has given an in-principle approval to the acquisition of the thermal power operations of Hinduja National Power Corporation Limited (HNPCL), subject to necessary diligence.
The move comes as GOCL nears completion of monetising its land at Kukatpally, Hyderabad, and divesting its major subsidiary. With surplus liquidity and a strong asset base, the company plans to deploy resources into its next phase of transformation by entering the energy sector.
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Hinduja National Power Corporation operates a 1,040 MW (2x520 MW) coal-based thermal power plant near Visakhapatnam, Andhra Pradesh, with potential for further capacity expansion.
According to its audited financials for FY24, Hinduja National Power Corporation reported an income from operations of ₹3,573.36 crore, a net profit of ₹996.97 crore (including ₹289.17 crore of regulatory income), and a net worth of ₹3,935.42 crore. GOCL said further updates on the proposed acquisition will be shared as the process advances.
Shares of GOCL Corporation Limited ended at ₹351.80, down by ₹8.50 or 2.36%, on the BSE today (August 29).
Also Read: GOCL Corp shares hit 20% upper circuit on MoU worth ₹3,402 crore with Squarespace in HyderabadContinue Reading(Edited by : Shoma Bhattacharjee)Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsGOCL Corporationshare market today