LIVE TV DownloadNews18 App
News18 English
»
1-min read

Government Approves Adani Power's Rs 14,000 Cr Jharkhand SEZ Project

Under the project, two supercritical units of 800 MW each would be set up with an investment of Rs 14,000 crore which would include setting up of a water pipeline and power evacuation system.

PTI

Updated:March 3, 2019, 10:39 AM IST
facebookTwittergoogleskypewhatsapp
Government Approves Adani Power's Rs 14,000 Cr Jharkhand SEZ Project
File image of Adani Group chairman Gautam Adani.
Loading...
New Delhi: The government has approved a Rs 14,000-crore special economic zone (SEZ) project of Adani Power in Jharkhand, which will export entire power generated to Bangladesh, an official said.

The project was approved by the highest decision-making body on SEZ - Board of Approval - chaired by the commerce secretary, in its meeting on February 25, the government official said.

Adani Power (Jharkhand) Ltd has sought approval for setting up of sector specific SEZ for power at villages - Motia, Mali, Gaighat and adjacent villages in Godda district, Jharkhand over an area of 425 hectares.

It has received formal approval for the land in possession of 222.68-hectare area and in principle approval for remaining 202.32 hectares.

Two supercritical units of 800 MW each would be set up with an investment of Rs 14,000 crore which would include setting up of a water pipeline and power evacuation system.

It will be ready by the end of 2022. The company has already signed a power purchase agreement for the supply of 100 per cent power generated from this plant to Bangladesh.

The SEZs are major export hubs in the country as the government provides several incentives including tax benefits and single window clearance system.

The developers and units of these zones enjoy certain fiscal and non-fiscal incentives such as no licence requirement for import, full freedom for subcontracting, and no routine examination by customs authorities of export/import cargo. They also enjoy direct and indirect tax benefits.

Exports from special economic zones grew by about 15 per cent to Rs 5.52 lakh crore in 2017-18.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Reliance 1,350.05 2.15
Maruti Suzuki 6,909.10 -2.47
Just Dial 663.10 8.68
ICICI Bank 398.05 0.70
HDFC Bank 2,261.45 0.38
Company Price Change %Gain
Bharti Infratel 317.90 1.34
AB Capital 100.15 1.01
Reliance 1,347.60 1.89
ICICI Bank 397.80 0.53
Axis Bank 751.95 2.21
Top Gainers
Company Price Change %Gain
HPCL 286.80 3.56
IOC 162.80 3.46
Bajaj Finance 2,929.55 2.40
BPCL 405.55 2.33
JSW Steel 294.95 2.25
Company Price Change %Gain
Bajaj Finance 2,926.05 2.32
Power Grid Corp 196.75 2.29
Axis Bank 751.95 2.21
Reliance 1,347.60 1.89
Tata Steel 524.65 1.77
Top Losers
Company Price Change %Gain
Maruti Suzuki 6,909.10 -2.47
Hero Motocorp 2,669.50 -2.43
Wipro 257.60 -2.22
Bharti Airtel 330.60 -2.10
HCL Tech 1,012.00 -1.68
Company Price Change %Gain
Maruti Suzuki 6,910.35 -2.56
Hero Motocorp 2,671.50 -2.47
Bharti Airtel 330.65 -1.88
HCL Tech 1,012.55 -1.51
M&M 683.80 -1.34

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results