Three ultra mega power projects entailing an
investment of Rs 90,000 crore will be bid out in the current fiscal, while two
UMPPs in Jharkhand are likely to be auctioned in 2016-17. "Bidding out
three ultra mega power projects (UMPPs)- Cheyyur in Tamil Nadu, Bedabahal in
Odisha and Banka in Bihar- in this financial year would attract an investment
of approximately Rs 90,000 crore," said the document on Implementation of
Budget Announcements 2015-2016. Deoghar and Tilaiya UMPPs in Jharkhand may be
bid out in the next fiscal after due process is met, with an investment of Rs
60,000 crore, it said. The Power Ministry has identified the five UMPPs for
bidding, it said. 2:35 pm Gammon Infra in news: Gammon Infrastructure today
said it has completed the first tranche of stake sale in nine projects on
approval from National Highways Authority of India (NHAI) and lenders. The
infrastructure firm had announced to sell stakes in 9 projects valued at Rs
6,750 crore to Brookfield and Core Infra India Fund, a deal that will fetch Rs
563 crore on completion as well as reduce its debt considerably.
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