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CCEA to take up Essar Power proposal today

Express News Service

Posted online: Friday, May 09, 2008 at 2319 hrs Print Email


New Delhi: : The Cabinet Committee on Economic Affairs (CCEA) is on Friday expected to consider a proposal of Essar Power to infuse up to Rs 8,000 crore funds for downstream investments through its holding company. Apart from this, the CCEA is also expected to consider a proposal of Rakindo Developers to set up a wholly owned subsidiary and bring in FDI upto $250 million.

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