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This is an archive article published on May 9, 2008

CCEA to take up Essar Power proposal today

The Cabinet Committee on Economic Affairs is on Friday expected to consider a proposal of Essar Power...

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The Cabinet Committee on Economic Affairs (CCEA) is on Friday expected to consider a proposal of Essar Power to infuse up to Rs 8,000 crore funds for downstream investments through its holding company. Apart from this, the CCEA is also expected to consider a proposal of Rakindo Developers to set up a wholly owned subsidiary and bring in FDI upto $250 million.

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