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of <h1>OPG Energy Pvt. Ltd. Approved Under Section 10(23G) for Captive Power Plant, Subject to Compliance with Rules</h1> The Central Government has approved M/s OPG Energy Pvt. Ltd. under section 10(23G) of the Income-tax Act, 1961, effective from the assessment year 2002-03. This approval pertains to their 17.64 MW natural gas-based captive power plant in Tamil Nadu. The approval is contingent upon compliance with section 10(23G) and rule 2E of the Income-tax Rules, 1962. The government may withdraw approval if the company ceases its eligible business, fails to maintain audited accounts, or does not submit the required audit report.
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