The LNJ Bhilwara Group has planned to
invest Rs.7,000 crore in the power sector with an objective of attaining
capacity of 1,500 MW by 2012. Financing will be done by private placements, GDR
issues and public offerings at various stages.
The group also announced the formation
of a new entity -- Bhilwara Energy Ltd -- that would be the flagship of the
group's power business. The new entity will be the holding company for two
existing companies in the power (IPP) business -- Malana Power Co Ltd and its
subsidiary, AD Hydro Power Ltd. BEL will hold 51 per cent in MPCL and will
indirectly hold 45.9 per cent in ADHPL since MPCL is a 90 per cent shareholder
in ADHPL.
Also See:
BHEL bags Allain
Duhangan hydropower order (16-Jan-06)