Govt clears Rs 6,500 crore FDI in power sector
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POWER & RENEWABLE ENERGY

Govt clears Rs 6,500 crore FDI in power sector

01 Jan 2012 1 Min Read CW Team
The Cabinet Committee on Economic Affairs (CCEA) has approved FDI proposals worth Rs 6,500 crore of two power sector entities: Rs 4,500 crore for grid equipment and Rs 2,000 crore for Energy Grid Automation Transformers and Switchgears India. These proposals are for downstream investments and transfer of the entire equity shares of Grid Equipment and Energy Grid from Areva T&D India and other resident shareholders.

The Cabinet Committee on Economic Affairs (CCEA) has approved FDI proposals worth Rs 6,500 crore of two power sector entities: Rs 4,500 crore for grid equipment and Rs 2,000 crore for Energy Grid Automation Transformers and Switchgears India. These proposals are for downstream investments and transfer of the entire equity shares of Grid Equipment and Energy Grid from Areva T&D India and other resident shareholders.

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