• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

New Delhi March 26 The Power Minister, Mr Sushilkumar Shinde, is likely to adjudicate on the fate of the Sasan Ultra Mega power project bid in the wake of changes in the composition of the winning consortium.

The move to refer the issue to the Government comes in the wake of a meeting last week of an evaluation committee that selected the winning consortium for the project, sources said.

The proposed 4,000 MW coal-based project was originally awarded to a consortium of Lanco Infratech Ltd and Globeleq Singapore Pte Ltd in December last year. Subsequently, Globeleq Singapore's parent firm — Bermuda-based Globeleq Ltd — sold off its 100 per cent stake in the subsidiary, which was acquired by Jindal Steel and Power Ltd and an investment arm of the Lanco Group.

The panel appointed by the Government to award the bid, at its meeting last week, concluded that it had no mandate to examine the legality of the entry of Jindal Steel and Power into the project, sources said.

Related Stories:
Lanco Infra, Jindal Steel buy Globeleq interest in Sasan
Panel meets today on Sasan bid

More Stories on : Power | Policy

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Job loss woes

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line