MUMBAI: Reliance Industries, the country's most valued firm, has started advanced level discussions with equipment suppliers for its upcoming 2,000 megawatt captive power plant in Haryana.
Public sector power equipment major BHEL as well as multinational firms Siemens and Alstom have emerged as front- runners for the deal and a final decision is expected by early next month, according to sources close to developments.
The land acquisition has been completed for the project, which would be completed in a phased manner of 500 megawatt each, the sources said.
The negotiations had started with a number of domestic and multi-national players about four months back.
The power plant is coming up at the group's proposed multi-product SEZ and would meet the electricity requirement of the export zone. The SEZ would also house a cargo airport, besides residential and other properties.
Shares of RIL today closed at Rs 2,564 each, down 1.75 per cent at the Bombay Stock Exchange.
Modi 3.0 Live
The land acquisition has been completed for the project, which would be completed in a phased manner of 500 megawatt each, the sources said.
The negotiations had started with a number of domestic and multi-national players about four months back.
The power plant is coming up at the group's proposed multi-product SEZ and would meet the electricity requirement of the export zone. The SEZ would also house a cargo airport, besides residential and other properties.
Shares of RIL today closed at Rs 2,564 each, down 1.75 per cent at the Bombay Stock Exchange.
(Catch all the Business News, Breaking News, Sikkim Election Results News,Arunachal Pradesh Election Result News, Election Results News Events and Latest News Updates on The Economic Times.)
Subscribe to The Economic Times Prime and read the ET ePaper online.
(Catch all the Business News, Breaking News, Sikkim Election Results News,Arunachal Pradesh Election Result News, Election Results News Events and Latest News Updates on The Economic Times.)
Subscribe to The Economic Times Prime and read the ET ePaper online.
