07
Feb
10:12
Tata finalises Bhubaneshwar captive power plant deal
Tata Steel has now acquired the residual 74% shareholding of Bhubaneshwar Power Private Limited (BPPL) from JL Power Ventures Private Limited, Kallanish notes.
This gives the steelmaker 100% ownership of the power generator in which it had previously held 26% together with its 100% subsidiary Tata Alloys. The BPPL facility is a 135 megawatt (2 x 67.5 MW) thermal power plant at Anantapur village in the Cuttack district of Odisha.
The acquisition was final…
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Very good overview of the weekly steel market.
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