LNJ Bhilwara Group, through its subsidiary Bhilwara Energy, has signed an agreement to acquire a 100% stake in Mandakini Jal Urja, which is developing a 76 MW hydroelectric project in Uttarakhand. The acquisition from Statkraft IH Holding AS is subject to customary conditions. Bhilwara Energy stated the move strengthens its hydropower portfolio and commitment to environmentally responsible infrastructure, while Statkraft indicated it aligns with their strategy to streamline international assets and exit India.