The deceased has been identified as P Venkata Durga Tarun, Mandi SP, R S Negi said.
Nine bodies have been recovered so far and fifteen students, including three girls and co-tour leader Prahlad, are still missing.
The swollen body floating in the river was spotted by rescue team members, who fished it out of the river.
"The swollen body surfaced near the Pandoh dam, about 12 km downstream Beas from the accident spot," Jaideep Singh, commanding officer of the National Disaster Response Force (NDRF), said.
"More bodies, which are in the process of bloating are likely to surface in next two or three days," he said.
Massive search operations, aided by advanced technology, were launched to locate 24 BTech students of VNR Vignana Jyothi Institute of Engineering and Technology, Hyderabad, and a tour leader, who were washed away in Beas river on June 8 after sudden release of water from the reservoir of the Larji hydro-power project near Thalot.
Singh said one more body was recovered from the river on Wednesday, but it was not of any of the missing Hyderabad engineering students.
The rescue operations would continue to recover the remaining bodies, he added.
About 600 rescue personnel of NDRF, Army, Police, ITBP and 50 expert divers are engaged in the search along 15-km stretch of Beas river from Thalot to Pandoh Dam.