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Shoppers Stop to raise Rs 250 cr
Retail chain major Shoppers Stop today said it plans to raise Rs 250 crore to increase stake in its hypermarket chain, Hypercity to 51 per cent, a top company official said today. http://smallpersonalloans.org.uk

Norwest Venture buys 2.11% in NSE for Rs 250 cr
Deal values exchange at Rs 11,848 cr

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GMR achieves financial closure of 1,050 Mw thermal plant
GMR Kamalanga Energy owned by GMR Energy of GMR Group, an infrastructure developer has achieved financial closure for its 1,050 Mw thermal power project being set up at Kamalanga Village, Dhenkanal District in Orissa.
Corporate

NTPC plans 100 Mw solar projects in Gujarat

Powering its way ahead in tapping renewable energy sources for power generation, public sector power utility NTPC (formerly National Thermal Power Corporation) has set the ball rolling for its two solar thermal units of 50 Mw each in Gujarat. The company has firmed up its plans to initially install a solar power generation capacity of 100 Mw in the state, which may go up to 300 Mw at a later stage. - NTPC to add 25,000 Mw capacity in 12th Plan - 1320 Mw TTPS expansion by 2010 - Drivers" strike hits coal supply - And then there were none... - Centre finalises six 1,000 Mw nuclear power units at Mithivirdi - NTPC to appoint merchant banker for S Africa coal mine Gujarat government has already approved NTPC"s 50 Mw solar thermal power unit. "The PSU plans to set up two solar power units each having installed capacity of 50 Mw. Soon, NTPC will sign a memorandum of understaning (MoU) with the state government," said Bharatsinh Solanki, minister of state for power, government of India. Kutch and Banaskantha districts have been identified for the proposed 100 Mw solar thermal power capacity, with an investment from NTPC of around Rs. 2,000 crore.


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