Reliance Power Investing $3.25 Billion in Generation, Coal Mining Equipment, an Industrial Info News Alert

Researched by Industrial Info Resources (Sugar Land, Texas) — India’s Reliance Power is making major investments into the procurement of power generation equipment for new power stations and for mining equipment to provide the coal feed for the power units. It is reported that bidders for the power equipment contract decision will not have to wait later than mid-April for the decision, which has been delayed a number of times by regulatory changes and the allocation of coal reserves to make the power projects viable.

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SOURCE: Industrial Info Resources