CCI to Take up Rs.49,000 Crore Troubled Power Plants
The Cabinet Committee on Investments (CCI) is likely to consider fast tracking Rs 49,000 crore worth power plants of companies like Reliance Power and Essar Power stuck for want of environment and forest clearances at various levels.
Punj Lloyd Wins Project Worth Rs358 cr from CPCL
Punj Lloyd has been awarded a contract worth Rs 358 crore by Chennai Petroleum Corporation Ltd (CPCL) to build the sulphur block of resid upgradation project at its Manali refinery near Chennai.
Govt Drops Rs.20,000 cr Power Project Plan in Chhattisgarh
The power ministry has shelved the plan to set up a Rs 20,000 crore ultra mega power project (UMPP) at Sarguja, Chhattisgarh, as the coal blocks for the proposed project fall under dense forest area and could rake up environment issues.
Suzlon to raise Rs.5,000 Crore Bets
Suzlon has indicated that it is hoping to restore the business to a strong position over the medium term aided by strong order books and other initiatives even as the debt-laden company is preparing to seek shareholders' nod to raise up to Rs 5,000 crore
Reliance to Invest $3.18 bn in KG Block Gas Field
Reliance Industries (RIL) has planned to invest $3.18 billion in R-Series gas field in the KG-D6 block, as it looks to reverse the decline in output by quickly bringing in new fields on production.
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