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CESC acquires over 50% stake in Dhariwal Infra

CESC acquires over 50% stake in Dhariwal Infra
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First Published: Fri, Aug 28 2009. 02 32 PM IST
Updated: Fri, Aug 28 2009. 02 32 PM IST
Kolkata: Power producer CESC Ltd has acquired just over 50% stake in Dhariwal Infrastructure Pvt Ltd (DIPL) for Rs200 crore, its vice-chairman Sanjiv Goenka said on Friday.
“Now we have just over 50% holding in the company but going forward it is our intent to acquire 100% stake in the next 5 months,” Goenka told reporters at a press conference.
Dhariwal is setting up a 600 MW thermal power generating station in Chandrapur, Maharashtra, and has got 450 acres of land from local authorities, he said, adding that coal linkages for the project has also been secured.
DIPL is now a unit of CESC, he added.
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First Published: Fri, Aug 28 2009. 02 32 PM IST
More Topics: CESC | Stake | Dhariwal Infra | Power | India |