Lanco Infratech Limited, the flagship company of Hyderabad-based Lanco Group, has transferred the ownership, management and control of its subsidiary Rithwik Energy Systems Limited, which has a 6 Mw biomass-based power project in Chittoor district of Andhra Pradesh, to Agri Gold Projects Limited.
The possession of the property, operations and business of the power plant of Rithwik was handed over to Agri Gold conclusively with effect from April 1, 2009, Lanco Infratech informed the BSE.
Clarion Power Corporation, another subsidiary of Lanco, which has a 12Mw non-conventional power project using biomass in Prakasam district,was also acquired by Agri Gold Projects.
