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Drumbeat: Ad Buzzaar
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Wednesday, May 27, 1998
Cabinet clears projects worth Rs 15,000 cr
PRESS TRUST OF INDIA
NEW DELHI, May 26: Six major projects worth Rs 15,000 crore including an international tourist city project at Pen-Alibag in Maharashtra, the Rs 6,300 crore 1320 MW Cuddalore thermal power plant and expansion of Mangalore refineries to nine million tonnes have been cleared by the Cabinet Committee on Foreign Investments (CCFI).The Maharashtra project would have a total equity of Rs 550 crore, the CCFI spokesman said after the meeting. The proposal of Essar Commvision for amendment in foreign collaboration to their Rs 1,400 crore basic telephone services project was also okayed in the meeting. Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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