{"id":298046,"date":"2019-10-26T10:49:46","date_gmt":"2019-10-26T05:19:46","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=298046"},"modified":"2019-10-26T10:58:19","modified_gmt":"2019-10-26T05:28:19","slug":"tata-power-jv-to-buy-two-power-plants-at-rs-920-cr-from-tata-steel","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-power-jv-to-buy-two-power-plants-at-rs-920-cr-from-tata-steel\/","title":{"rendered":"Tata Power JV to buy two power plants at Rs 920 cr from Tata Steel"},"content":{"rendered":"<p>Tata Power on Friday said its joint venture Industrial Energy Ltd has signed pacts with Tata Steel to acquire a captive gas-based power plant and a diesel project in Kalinganagar, Odisha for around Rs 920 crore. <\/p>\n<p>Industrial Energy Ltd (IEL) is a joint venture between Tata Power and Tata Steel in the ratio of 74:26, respectively. <\/p>\n<p>&#8220;IEL&#8230;has signed asset purchase agreements with Tata Steel on October 24, 2019 for acquisition of 120 MW captive gas-based power plant and 40 MW diesel generating station (40 MW DGS) at Kalinganagar from Tata Steel,&#8221; Tata Power said in a BSE filing. <\/p>\n<p>According to the statement, while the 120 MW plant is under construction and will be operational by 2021-22, the 40MW DGS is already operational. The combined value of the transactions is about Rs 920 crore, subject to minor adjustments on closing and applicable taxes and duties.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Power on Friday said its joint venture Industrial Energy Ltd has signed pacts with Tata Steel to acquire a captive gas-based power plant and a diesel project in Kalinganagar, Odisha for around Rs 920 crore. Industrial Energy Ltd (IEL) is a joint venture between Tata Power and Tata Steel in the ratio of 74:26, respectively. &#8220;IEL&#8230;has signed asset purchase agreements with Tata Steel on October 24, 2019 for acquisition of 120 MW captive gas-based power plant and 40 MW diesel generating station (40 MW DGS) at Kalinganagar from Tata Steel,&#8221; Tata Power said in a BSE filing. According to [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-298046","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/298046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=298046"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/298046\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=298046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=298046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=298046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}