Tata Power Company has signed a Joint Venture agreement with Indian Oil Corporation (IOCL) to set up a coal based power plant in Orissa. This plant will meet the power requirements of IOCL in its refinery, petrochemicals complex and its affiliates.
Tata Power will hold 74% stake while the balance 26% stake will be held by IOCL. However, the JV will start operating only after the IOCL board approves the investment in the refinery cum petrochemical project at Paradip.
crackcrack| Company Name | CMP |
|---|---|
| NTPC | 398.70 |
| Tata Power | 442.80 |
| Adani Power | 229.90 |
| Power Grid Corp | 319.30 |
| Torrent Power | 1733.40 |
| View more.. | |
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