Cabinet approves equity investment by (i) South Eastern Coalfields Limited for setting-up 1×660 MW Thermal Power Plant through JV of SECL and MPPGCL; and (ii) Mahanadi Coalfields Limited for setting-up 2x800 MW Thermal Power Plant through MBPL https://www.taxtmi.com/news?id=27176 Approval was granted for equity investment by SECL (via a JV with MPPGCL) for a 1x660 MW Supercritical Thermal Power Plant and by MCL (through its subsidiary MBPL) for a 2x800 MW Supercritical Thermal Power Plant, including authorization for MBPL to execute the Sundargarh project, specification of envisaged equity contributions and a 70:30 debt equity framing for the SECL project, and allowance for Coal India Limited to invest beyond a 30% net worth threshold in the respective JV and SPV. en-us Thu, 18 Jan 2024 17:57:02 +0530 Thu, 18 Jan 2024 17:57:02 +0530 TaxTMI RSS Generator Cabinet approves equity investment by (i) South Eastern Coalfields Limited for setting-up 1×660 MW Thermal Power Plant through JV of SECL and MPPGCL; and (ii) Mahanadi Coalfields Limited for setting-up 2x800 MW Thermal Power Plant through MBPL https://www.taxtmi.com/news?id=27176 Approval was granted for equity investment by SECL (via a JV with MPPGCL) for a 1x660 MW Supercritical Thermal Power Plant and by MCL (through its subsidiary MBPL) for a 2x800 MW Supercritical Thermal Power Plant, including authorization for MBPL to execute the Sundargarh project, specification of envisaged equity contributions and a 70:30 debt equity framing for the SECL project, and allowance for Coal India Limited to invest beyond a 30% net worth threshold in the respective JV and SPV. News - Thu, 18 Jan 2024 17:57:02 +0530 https://www.taxtmi.com/news?id=27176