Latest News
-
Emmforce Autotech IPO Debut April 23: Issue Size, Price Band, Check Details? -
1:5 Stock Split: PSU Bank Fixes Record Date For First Ever Stock Split; Buy For Rs 650-680 Targets -
Closing Bell: Market Stages Smart Recovery, Sensex & Nifty Snap 4-Day Losing Streak Led By HDFC Bank -
Hindustan Zinc's Quarterly Profits Dive 21% Amid Global Metal Price Slump, Shares Plummet; Buy Or Not? -
IRFC, RVNL, IRCTC, Railtel: Railway Stocks In Focus As Election Polls Begin; Mega Rs 10-12 Lakh Crore Plan -
Rs 14/Share Dividend: Stockbroking Co To Consider Bonus Share, Shares Up 126% In 180-Days -
Varyaa Creations IPO Set To Shine: Boasts Robust GMP Of Rs 100 -
BEL, HAL, Cochin, Mazagon Dock: Why Defence Stocks Are Flying High When Middle East Is In Kaboom? -
FII-Backed Penny Stock Issues New Update On Warrants, Shares Gain 111% In 3-Yrs -
Top 5 Bank Savings Accounts With No Hidden Charges; Check Details?
Huge business opportunities in power sector in Bihar
"There are booming opportunities in power sector in Bihar especially in transmission and distribution segments with an estimated Rs 28,000 crore likely to be spent over the next few years under various plan heads," the Energy Secretary Sandeep Poundrik told reporters here.
"The huge investment in power sector will be made under various schemes like the Backward Regions Grant Fund (BRGF), Accelerated Power Development and Reforms Programme', Rajiv Gandhi Gramin Vidyutikaran Yojana (RGGVY), besides funding by other multilateral organisations and the state's own annual plans to take the total proposed investment amount to Rs 28,000 crores," he said.
With the state government committed to provide electricity to each village of Bihar by 2015, there was enormous business opportunities beckoning on the private investors to lap up projects in distribution and transmission segments, he said.
Poundrik, who is also the Chief Managing Director (CMD) of the Bihar Power Holding Company Ltd, sought to woo the investors in power sector by assuring them that the law and order situation has improved and the road infrastructure laid throughout Bihar makes it a perfect environment for the investors to do business in the power sector in the state.
He said that the Bihar State Power Holding Company Ltd has recently held conferences on the topic - 'Destination Bihar' in New Delhi, Hyderabad and Bombay to woo the investors.
PTI
