LNJ Bhilwara’s power biz lowers debt but reduced snow melt threatens hydel cash flow

Noida-based LNJ Bhilwara group entered the power sector in 2001, when its subsidiary Malana Power Co. Ltd began operating a 109 megawatt (MW) hydroelectric power plant in Kullu, Himachal Pradesh.  But it wasn’t until five years later in 2006 that the Ravi Jhunjhunwala-promoted group, which also has significant interests in graphite, ......