DVC may cancel JV with NLC for transfer of the 1,200 MW Raghunathpur thermal plant

The Damodar Valley Corporation (DVC) may shelve its plans to transfer the 1,200 MW Raghunathpur coal-based power plant in West Bengal to NLC India Limited. As per the proposed transfer scheme, NLC plans to acquire 74 per cent stake in the plant. While the central government and the Jharkhand government have approved the acquisition, the go-ahead from the West Bengal government is awaited.

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