Adani, JSW & Tatas Bid For Stake In GMR’s Power Plant

Adani, JSW & Tatas Bid For Stake In GMR’s Power Plant

Adani Power, JSW Energy and Tata Power have submitted bids to acquire a majority stake in GMR Infrastructure 1,370-mw power plant in Chhattisgarh. Sources said state-run Neyveli Lignite did not submit its bid for the project. Neyveli had earlier held talks with the lenders for acquiring acontrolling stake in the project.

Adani, Essar And Tata Caught In The Political Crossfire

Adani, Essar And Tata Caught In The Political Crossfire

The Congress recently alleged that the BJP government in Gujarat had let four private companies -Adani, ESSAR, Tata and China Light Power – to “squander” Rs 26,000 crore of the public exchequer. The Opposition claimed that the ruling party had purchased electricity from these four companies at “unimaginably high rates” in a “huge power purchase scam”.

Gujarat BJP Government Squandered Rs 26,000 Crore By Buying Electricity At High Rates From Adani, Essar, Tata And China Light Power: Congress

Gujarat BJP Government Squandered Rs 26,000 Crore By Buying Electricity At High Rates From Adani, Essar, Tata And China Light Power: Congress

The Congress on Thursday alleged that the BJP government in Gujarat had let four private companies — Adani, ESSAR, Tata and China Light Power — to “squander” Rs 26,000 crore of the public exchequer by purchasing electricity from them at “unimaginably high rates” in a “huge power purchase scam” in the state.