Two of India's biggest business houses, the Adani Group and Reliance Industries (RIL), are in the race to acquire Chhattisgarh-based SKS Power. Bank of Baroda and SBI owe about Rs 1,900 crore on this plant. Other bidders include NTPC, Torrent Power, Sharda Energy & Minerals, Jindal Power, and Singapore-based Vantage Point Asset Management. This has been claimed in some media reports.
Adani is already in the thermal power business
Adani is already in the business of thermal power. Adani Power, a group company, has an installed capacity of 13,650 MW with a presence in Gujarat, Maharashtra, Rajasthan, Karnataka, Chhattisgarh, and Madhya Pradesh. Therefore, the acquisition of this coal-based plant is of great importance to the Adani Group. Adani Group has mines in Australia, from where coal of high calorific value is obtained.
Reliance's focus on new energy
Talking about Reliance, the company's chairman Mukesh Ambani has already told that his focus is on new energy. There are plans to build a Giga Complex in Jamnagar with four Giga factories for power electronics and solar PV (photovoltaic) manufacturing, which will include cells and modules. Reliance will need thermal power for green hydrogen, as there is a lot of manufacturing involved.
Congress will take out Bharat Jodo Yatra from Arunachal to Gujarat: Rahul Gandhi said - We do not have our own house for 52 years, Sonia became emotional
Congress leader Jairam Ramesh said on the third and last day of the ongoing 85th Congress session in Chhattisgarh's capital Raipur that the party is considering taking out Bharat Jodo Yatra from
IPL 2023: Dhoni remembers Kharagpur railway station in Eden, seeing the crowd of fans say – have come to give me Farewell
Mahendra Singh Dhoni has indicated his retirement from IPL. He said after the match against Sunrisers Hyderabad that he is in the last phase of his career. Now Dhoni said after the match against
Pune Porsche Case: Shameful act of doctors, blood sample of rich lady was changed for three lakhs; Hospital peon exposed
A sensational revelation has come to light in the Pune Porsche accident case. In this case, two doctors have been arrested, who had taken a bribe of Rs 3 lakh from the father of the noblewoman to
IND vs WI: 'Drawball' dominates 'Baseball'; Team India's stormy style against West Indies, made a world record
The Indian cricket team created history in the second match of the Test series against the West Indies. Coming out to bat in the second innings on the fourth day of the match, India scored runs in a
Canadian Hindus lash out at Khalistani terrorist's threat, write letter to PM Trudeau
Amid deteriorating relations between India and Canada, Khalistani terrorist Gurpatwant Singh Pannu has threatened Hindus living in Canada to leave the country. Canadian Hindus have written a letter to
IND vs USA: India has to be careful with these five American players, they can change the match in minutes, know more
The excitement of the T20 World Cup 2024 is on the rise among the fans and players. Today the 25th match of the current tournament will be played between India and America. A tough competition can be
Bahraich Violence: Mahsi is on the path of peace. Tension still prevails in Maharajganj; Entry into the town only after interrogation
After the violence that took place on Sunday and Monday during the idol immersion procession in Bahraich, UP, the situation in the district is now slowly returning to normal. Given security, the
Bangladesh: 'Hindus are safe in Bangladesh'; Yunus's officers denied the truth; Know what he said on the ISKCON issue
There is a lot of anger in India over the atrocities being committed against Hindus in Bangladesh. After the arrest of Chinmay Krishnadas associated with ISKCON, it has come to light that Hindus have
Sarfaraz Memon was planning a big attack in India, and went to China and Hong Kong 15 times: Indore police detained
Based on the secret report of the National Investigation Agency (NIA), Sarfaraz Memon was taken into custody on Sunday night. He is a resident of Chandan Nagar, Indore. It has been said in the report
Lok Sabha Election 2024: 'India Block will elect Prime Minister within 48 hours', claims Congress leader Ramesh
Lok Sabha elections are going on across the country. All political parties are campaigning vigorously. Given the elections, there is a constant stir in the political corridors. On one hand, the BJP is
