Management

Sterlite lowest bidder for power project

Vedanta Group company Sterlite Energy is believed to have bagged the country"s first Ultra Mega Power Transmission (UMTP) project, breaking the decades-old monopoly of state-run PowerGrid Corporation. - Sterlite Energy bags 1st ultra mega power transmission project - Three companies make it to final round for N-E UMTP - Financial closure of 1,980 Mw plant in 3 mths: Sterlite - No bauxite mining at Niyamgiri yet - Gets warning against "illegal mining" - Sterlite Industries posts 42% fall in Q1 net "Sterlite Energy has emerged as the lowest bidder for the country"s first ultra mega transmission project, to be developed by the private sector," sources in the know said. As many as eight firms, including Anil Ambani Group company Reliance Power Transmission Ltd (RPTL) and Essar Power, had participated in the bidding process for three UMTPs worth Rs 5,650 crore. Sterlite Energy is the lowest bidder for one project, Power Finance Corporation’s (PFC’s) East-North Interconnection. For the two others, the lowest bidders are yet to be announced. Rural Electrification Corporation and PFC had started the process of awarding the three transmission projects, Talcher Augmentation Transmission System (Talcher-II), North Karanpura Transmission System and East-North Interconnection System, in 2008.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

Categories
Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business
News of the day
Insurance industry records growth in Q1, courtesy LIC
Largest insurer’s sales rise 20%.
Popular Articles

India's growing economy to fuel oil demand: Opec
The Organisation of Petroleum Exporting Countries (Opec) has projected that a rise in India’s gross domestic product (GDP) would lead to increased oil consumption next year. India oil demand was not affected by the economic crisis in 2009, and next year’s oil usage is forecast to grow further. All sectors are seeking more energy and new vehicle registrations are expected to continue the fast growth of 2009. These factors would push up oil demand by 15 per cent, making it the fastest growing product in terms percentage rise, Opec said.

India Infoline Investment Services ropes in M N Singh, Purwar
India Infoline Investment Services today said that its Board of Directors has approved the appointment of M N Singh and A K Purwar as independent Directors on the Board of the company.

© Copyright 2009