Infrastructure firms NCC and IL&FS Engineering have decided to completely exit from the hydro electric project they are jointly building on the River Sorang, a tributary of Sutlej River, in Himachal Pradesh.
The 100-mw power project was coming up at an investment of Rs 849.8 crore. Close to 85% of works was completed and the project was scheduled to take off by year-end. NCC holds 67% equity in Himachal Sorang Power, while IL&FS Engineering holds remaining 33%.
