Indian Oil Corporation will invest about Rs 900 crore to pick up 26 per cent stake in Nuclear Power Corporation’s 1,400-MW atomic power project at Kota in Rajasthan, which is scheduled for completion by 2015-16. The joint venture agreement would be signed in a month.
IOC would hold 26 per cent equity in the project, which is proposed to be financed by both the partners in the debt equity ratio of 70:30.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1343.10 |
| Indian Oil Corp. | 145.50 |
| BPCL | 309.80 |
| HPCL | 376.90 |
| MRPL | 186.90 |
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