Neyveli to pick up 75 per cent in DVC’s thermal project

KOLKATA: NeyveliBSE -0.62 % Lignite Corporation is likely to buy at least 75 per cent stake in Damodar Valley Corporation’s 1,200 megawatt Raghunathpur thermal power project.

DVC chairman AWK Langstieh said the deal is at an advanced stage and will be concluded in the next one month. SBI Caps is working on the deal.

The project, located in West Bengal’s Purulia district, has been delayed by five years and has witnessed a total cost overrun of about Rs 3,800 crore to Rs ..


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