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Reliance Energy wins Damodar Valley Project

August 2, 2007

After successfully winning the Sasan ultra mega power project in Madhya Pradesh, for setting up the 4,000 mega watts plant in Madhya Pradesh, Reliance Energy has emerged as the sole bidder for a Damodar Valley Corporation (DVC) power project in Purulia district of the West Bengal.

Reliance Energy is due to sign a letter of intent with DVC within a fortnight for 1,300 MW coal based power plant. The company is planning to invest Rs 5,000 crore over the next three years in the project.

Reliance Energy’s investment in Sasan UMPP is expected to be Rs 20,000 crore.

Buy Reliance Energy on Decline.

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