Subsidiary Companies

BEL is the principal holding company of the following power ventures of the LNJ Bhilwara Group:

• Malana Power Corporation Limited
• AD Hydro Power Limited
• REPLUS Engitech Private Limited
• Indo Candian Consultancy Services Limited
• NJC Hydro Power Limited
• Chango Yangthang Hydro Power Limited
• Balephi Jalbidhut Company Limited, Nepal