GVK Power & Infrastructure Ltd has acquired 9.50 per cent additional stake in GVK Gautami Power Ltd from the Hyderabad-based Nagarjuna Construction Company Ltd. It plans to add about 800 MW more capacity to the plant.
Following this acquisition of additional stake in GVK Gautami Power Ltd, which manages a 464 MW gas-based plant at Peddapuram near
The company is keenly pursuing expansion of the project by about 800 MW, which is subject to gas allocation. Once this is achieved, it will take up issues relating to financial closure. The company has concluded acquisition of 9.5 per cent stake equivalent to 6.25 crore shares from NCC. Of the balance, 20 per cent stake is held with IJM,
The GVK management commissioned the project by initially running with diverted gas from other projects and later from natural gas supplies from the Reliance Industries' KG basin gas produce. It has been running at full steam since the gas started flowing from the KG basin through pipeline grid.
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NTPC | 365.30 |
Tata Power | 436.90 |
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Adani Power | 678.65 |
Torrent Power | 1435.80 |
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