Popular Articles

As projects falter, steel MNCs forge partnerships
As mega greenfield steel projects announced by behemoths ArcelorMittal and Posco struggle to make progress, multinational companies are charting a new route into India: Through equity participation in existing companies or by forging joint ventures.

Natural rubber prices to rise further on low output
The natural rubber (NR) market, which today quoted Rs 102 a kg for RSS-4 grade, is poised for further appreciation in prices as domestic production is projected to be lower this year. At the current level of production, the annual output is expected to fall by 10 per cent. The trend during April-July indicates that the overall production is likely to be lower this time which clearly favours the appreciation in prices.

News of the day

Junket joy
The Trinamool Congress got a letter from the parliamentary affairs ministry asking it to nominate a party MP for an overseas tour. Railway Minister and Trinamool chief Mamata Banerjee took less than a second to decide and nominated singer-turned-politician Kabir Suman.
Public Relations

Ratnagiri Gas to begin power generation by March 2010

Ratnagiri Gas and Power Private (RGPPL) or the erstwhile Dabhol power project in Maharastra would start generating 1,900 Mw of electricity by March, 2010. - EGoM reviews Dabhol project operations, revival - Govt to double wind power generation by 2022 - BHEL: Fairly valued - Bajaj Hindusthan to add 400 MW worth Rs 1,600 crore - BHEL, MP Power Gen in pact for thermal project - "Thermal capacities boost power generation in Sept" RGPPL was conceived in the early 1990s with a capacity of 2,200 Mw. It was divided into three phases of 740 Mw each, which the government says would be functional by the month of March next year. "Dabhol project would generate 1,900 Mw by March next year...All the three units would start," Power Secretary H S Brahma told reporters here. At present, the project is running at 700 Mw capacity. NTPC and GAIL India hold 30.17 per cent equity stake each in RGPPL, while Maharashtra State Electricity Board holds 17.89 per cent and the rest is held by public sector financial institutions. The project is also receiving 5.67 mmscmd of gas from Reliance Industries KG basin. RGPPL ran into controversy with US-based GE for recommissioning of the project.


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