1. Home
  2. >

Built to inform

Sign up for the daily newsletters

No, Thank you

Vedanta revives Rs10k cr Punjab power project


Vedanta Resources, the global metal and mining major has revived its Rs10,000-crore independent power project in Punjab, which it had put on hold last year. Confirming this, the company’s vice chairman Naveen Agarwal revealed, “We have taken a decision to revive the 1980-Mw Talwandi Sabo project in Punjab. We will soon take a call on reviving the 1980-Mw power project planned in Orissa.”
The company which is lead by NRI billionaire Anil Agarwal had put the Punjab power project on the backburner following the crash in global metal prices by over 50%. This in turn had forced the company to reduce its capex by approximately US$5 billion for the next four years. In a related development, the subsidiary of Vedanta’s flagship company, Sterlite Industries, plans to use the net proceeds to partially finance the construction and development of the Talwandi project.

Most Popular


Olympia Group announces to build up 1.1mn sq-ft greenfield it park in Guindy
The project will have a total investment of about Rs 750 crore


Vital pre-monsoon building works resume in Maharashtra
The state government has permitted pre-monsoon work by BMC and other agencies

Latest Issue

June 2020
10 Jun 2020