RIL to bid for Chhattisgarh, Orissa, Tamil Nadu UMPPs: 3 ultra mega power projects
It is clear that Reliance Industries has major plans for the power sector. CNBC TV18 now learns that the diversified giant will bid for ultra-mega power projects.
It is being learnt that Mukesh Ambani -led Reliance Industries (RIL) is bidding for ultra mega power projects (UMPPs) in Chhattisgarh, Orissa and Tamil Nadu. Sources inform that the company is in the process of purchasing request for quotation (RFQ) documents.
The company will bid for the proposed three UMPPs depending on the timeline, sources say, adding that RIL can acquire only three power projects as that is its current policy.
The government has extended the deadline for RFQ for the Chhattisgarh UMPP to July 5, while that of the Orissa UMPP has been extended till July 30. For Tamil Nadu, the UMPP RFQ may be issued soon.
Source : Money Control
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Category: Stock-News
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