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PRESS TRUST OF INDIA
MUMBAI, MAY 23: Maharashtra State Electricity Board (MSEB) is coming out with a Rs 500 crore debenture issue next month to finance its proposed investment in American energy major Enron's 2,450 MW Dabhol power project in the state.
MSEB is also planning to partly privatise its distribution network with an investment of Rs 2,000 crore over five years. ``MSEB will come out with a debenture issue in June to raise Rs 500 crore, which will be on the same lines as last year's debenture issue,'' Maharashtra deputy chief minister Gopinath Munde said. The SEB had issued debentures last year for Rs 500 crore, to finance its stake in Phase 1 of the Dabhol project.
Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.
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