i Develop Stocks Advisory: ADAG to set up power, cement plants in MP

Wednesday, December 12, 2007

ADAG to set up power, cement plants in MP

Wednesday, December 12, 2007

Reliance Power Ltd, promoted by Reliance Anil Dhirubhai Ambani Group, has proposed to set up a 4,000 Megawatt pithead power plant in Sidhi district of Madhya Pradesh.

The company has also planned to set up a cement plant somewhere in the Satna region, where limestone is in abundance.

“The company had signed a deal with the state government for both the projects and we are in process of extending all possible support,” a senior government official told Business Standard.

The project will be in addition to the Ultra Mega Power Plant proposed in Sasan. The newly planned power project will supply coal ash to the proposed cement plant.

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Economic Event Calendar

GMT+5:30	Event	Vol.	Actual	Consensus	Previous
Wednesday, Apr 09
07:30	RBNZ Interest Rate Decision	3	3.50%	3.50%	3.75%
15:00	FPC Meeting Minutes	1
15:00	FPC Statement	1
16:30	MBA Mortgage Applications	1	20.0%		-1.6%
17:30	BoE Quarterly Bulletin	1
19:30	Wholesale Inventories	1		0.3%	0.3%
20:00	EIA Crude Oil Stocks Change	1		2.200M	6.165M
22:00	Fed's Barkin speech	2
22:30	10-Year Note Auction	1			4.31%
23:30	FOMC Minutes	3

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Wednesday, December 12, 2007

ADAG to set up power, cement plants in MP

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