On the occasion, the prospective investors had one-to-one meetings with senior government officials and officials of state nodal agency GRIDCO, wherein an investment proposal of Rs 4,940 crore was assured by different investors for 575 MW capacity of wind energy.
The two companies signed a Memorandum of Understanding (MoU) at Bhubaneswar for developing hydro and solar projects by incorporating a joint venture company
"Power purchase agreement (PPA) in respect up-coming Teesta-IV Project, West Bengal & Teesta-V Power Station, Sikkim have been signed on February 21, 2017 with GRIDCO, Government of Odisha," the state-run power company said in its filing.
The company said this long pending order would entitle GMR Group to collect all arrears of power supply from GMR Kamalanga Energy to GRIDCO for power supplied till September 2015. Going forward, the order will help improve company‘s EBITDA by Rs 120 crore, it added.
JSL Stainless has signed power purchase agreement with GRIDCO. The company is going to set up 1320 MW thermal power plant in Orissa via SPV JSL Energy, quoting NewsWire18, reports CNBC-TV18. It touched an intraday high of Rs 113 and an intraday low of Rs 108.55. At 13:23 hrs the share was quoting at Rs 111.80, up Rs 3.50, or 3.23%.