FIPB CLEARS Rs200-CRORE PLANS, LINTAS CAN UP STAKE
Article Abstract:
The Foreign Investment Promotion Board (FIPB) has cleared fresh investment proposals worth Rs200 crore. These include Daewoo Power's proposal of sharing 50 percent equity in its Korba project with Asea Brown Boveri. FIPB has also cleared nine proposals worth Rs20 crore in the information technology sector. It has approved Lintas' request to increase equity from 24 percent to 49 percent. This is expected to give an added impetus to the company which is presently affected by recession.(uh)
Comment:
Daewoo Power receives approval from Foreign Investment Promotion Board to share 50% equity in its Korba project with co, India
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
JEGURUPADU POWER PROJECT
Article Abstract:
GVK Industries (GVK) and CMS Generation Inc of the US have set up a 235 mw power project at Jegurupadu in East Godavari district. The cost of the project was Rs816 crore. The company received approval from the Central Electricity Authority (CEA) in March 1996 to increase the capacity of the power plant at Jegurupadu to 470 mw. The second phase of the project is likely to be completed by December, 1999. (gs)
Comment:
Sets up a 235-MW power project w/ GVK Industries at Jegurupadu in East Godavari district, India
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
DABHOL POWER PROJECT
Article Abstract:
Enron Power Development Corporation of the US has tied up with General Electric and Maharashtra State Electricity Board (MSEB) to form a joint venture company, Dabhol Power Co (DPC). The new company is in the process of completing the first phase of the Dabhol Power Project which has a capacity of 740 mw. DPC plans to widen the capacity of the project to 1,624 mw during the second phase. (gs)
Comment:
Forms Dabhol Power w/ Enron Power Development & Maharashtra State Electricity Board to produce electricity, India
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: BHEL ORDER-BOOK SWELLS. NTPC TO TAKE OVER 3 UP HYDRO PROJECTS BHEL POCKETS Rs3,600-CRORE SIMHADRI PROJECT FROM NTPC
- Abstracts: ICICI FOR INCREASING AROCHEM CAPACITY MRL PULLS OUT OF AROCHEM PROJECT MRL-SPIC DISPUTE OVER AROCHEM NEARS SOLUTION
- Abstracts: GRASIM, INDIA RAYON AGREE ON 3:10 SWAP INDIAN RAYON NET SLIPS 20 PER CENT. INDIAN RAYON IN TALKS TO BUY BRC UNIT FOR Rs82 CR
- Abstracts: SEBI SET TO PUT IPOs ONLINE. HC RESTORES COMPENSATION POWERS TO SEBI IN HLL CASE
- Abstracts: USA'S AIR PRODUCTS TO BUY 23% IN INOX. MITSUI TO PICK UP 5% STAKE IN DUPONT'S INDIAN ARM. ROHM & HAAS MAY TAKE OVER HMG POLYMER BUSINESS