Mega power projects get three more years to qualify for tax sops

The Union Cabinet on Wednesday said 10 provisional mega power projects —each with a capacity of 1,000 MW — will get an additional window of three years to comply with the requirements for availing defined tax benefits. The move will benefit GMR, Essar, Lanco and Torrent, among others. Some units that are under the insolvency resolution process could also be among the beneficiaries.