Reliance Industries (RIL)
has cancelled its plans to set up a 345 MW captive power plant at its Nagothane
manufacturing unit in Maharashtra at an investment outlay of Rs.1,500 crore.
The decision has come
in after the Central government decided to allocate the initial 40 million
standard cubic meters per day of gas from its KG-D6 basin to existing power and
fertiliser plants only. RIL wanted to supply its KG basin gas to the plant, and
now with the governments decision, Nagothane plant does not feature in the
scheme of things.
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