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Construction : Deals | December 2013 | Source : Construction Update

Gayatri to cut stake in NCC Power Projects

Infrastructure company Gayatri Projects has proposed to dilute its stake in NCC Power Projects to below 45 per cent. Gayatri's wholly owned subsidiary Gayatri Energy Ventures is a major partner in NCC Power Projects, which is building a 1,320 mw coal fired plant in Nellore district of Andhra Pradesh. For the investment in NCC power projects, currently preliminary discussions are taking place between NCC Infra and Sembcorp.
 
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