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Monday 3 October 2011

Reliance Power Tilaiya UMPP will get carbon credits worth Rs 2,000 crore

Reliance Power will earn Rs 5,000 crore from carbon credit from the three ultra mega power projects of 4,000 MW that.The company seeks to earn almost Rs 2,000 crore in 10 years by registering its 4,000 MW Tilaiya ultra mega power project for carbon credits after it got two of the other mega projects registered with the Clean Development Mechanism Executive Board of United Nations Framework Convention on Climate Change.Anil Ambani-led RPOWER, Rs 17,400-crore ultra mega power project at Krishnapatnam in Andhra Pradesh has qualified for carbon credits, which will help it earn Rs 1,100 crore in the first 10 years of operations.

CBI has Raids JSW Steel premises in Bellary

Another -VE News for JSW Steel ,CBI has conducted searches on the company's premises in Bellary in connection with illegal mining . JSW Steel touched a 52-week low of Rs 548.55 today.