Ispat mulls buying power plant
POWER & RENEWABLE ENERGY

Ispat mulls buying power plant

In a bid to reduce the cost of electricity, Sajjan Jindal-owned Ispat Industries is close to buying 26 per cent stake in JSW Energy's 300 MW Ratnagiri power project for over Rs 100 crore. This will allow Ispat to use the electricity from the plant for captive consumption to produce steel at its Khopoli plant.

Contact: Ispat. Tel: 022- 6654 2222. Fax: 022-2285 5519. E-mail: Corporate_ Communications@ispatind.com Website: www.ispatind.com

In a bid to reduce the cost of electricity, Sajjan Jindal-owned Ispat Industries is close to buying 26 per cent stake in JSW Energy's 300 MW Ratnagiri power project for over Rs 100 crore. This will allow Ispat to use the electricity from the plant for captive consumption to produce steel at its Khopoli plant. Contact: Ispat. Tel: 022- 6654 2222. Fax: 022-2285 5519. E-mail: Corporate_ Communications@ispatind.com Website: www.ispatind.com

Next Story
Infrastructure Transport

Environment Ministry Clears Stage I Nod for Coastal Road Phase II

The Union Ministry of Environment, Forest and Climate Change (MoEFCC) has granted Stage-1 (in-principle) approval for the diversion of mangrove forest land for the second phase of the Mumbai Coastal Road Project. This clearance marks a significant step forward for the Brihanmumbai Municipal Corporation (BMC), which is now preparing to approach the High Court for further approvals necessary to begin construction. The second phase of the project will span from Versova to Bhayandar.The project is expected to permanently impact approximately 8.24 hectare of mangrove forest land, with around 9,000 ..

Next Story
Infrastructure Transport

BMC to Receive 19.43 Hectares of Forest Land

The construction of twin tunnels beneath Sanjay Gandhi National Park in Borivali, part of Phase III of the Goregaon-Mulund Link Road (GMLR) Project, is set to progress following final approval from the Union Ministry of Environment, Forest and Climate Change (MoEF&CC). The approval allows the transfer of 19.43 hectares of forest land to the Brihanmumbai Municipal Corporation (BMC), enabling work on the 4.7 km long and 45.70 m wide twin tunnels. In response, BMC has initiated the compliance and clearance process as per the stipulated guidelines.The 12.20 km-long GMLR project, divided into f..

Next Story
Infrastructure Energy

NLCIL to Set Up 450 MW Wind-solar Hybrid Power Project

NLC India (NLCIL) is expected to commence power supply from its newly awarded hybrid project within 24 months of signing the Power Purchase Agreement (PPA). The project is set to operate for a contractual period of 25 years. NLCIL also has the flexibility to establish a Special Purpose Vehicle (SPV) for the project’s implementation.The Letter of Award (LoA) aligns with the central government’s clean energy targets and supports NLCIL’s broader objective of achieving 10 GW of renewable energy capacity by 2030.The 450 MW hybrid project awarded by NTPC represents a major development in NLCIL..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?