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'Our gas price is fair, our costs are competitive'
RIL Director PMS Prasad addresses the many charges laid at the company’s door

NEWSALERT: Dish TV Q1 net loss at Rs 69.2 cr
Dish Tv India, an Essel Group Company, reported a net loss of Rs 69.2 crore for the quarter ended June 30. 2009. Its net sales have gone up from Rs 246.3 crore from Rs 164.5 crore.

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Sanjay Dalmia asked to appear before EOW
The Bombay High Court has asked Delhi-based businessman Sanjay Dalmia to appear before the Economic Offences Wing (EOW) in connection with a cheating case.
International Business

Tamil Nadu ports plan wind farms

Two major ports in Tamil Nadu are planning to set up captive wind farms at a combined investment of around Rs 82 crore. - NHAI likely to wind up Ennore road connectivity project - Ennore Port pays Rs 4.15cr dividend to Centre - Chennai port plans Rs 300 cr marina - Vestas to add 250 Mw wind power capacity in Kutch - Ushdev to set up windfarm in TN While Chennai port has proposed a 7.5 Mega watt wind farm, Tuticorin port will set up a 6Mw farm. Speaking to Business Standard, Chennai Port Trust chairman Subhash Kumar said the wind farm would come up at Veppilian Kulam in Tirunelveli district. The port has called for bids and hopes to place the order for wind mills by December. The project is estimated to cost Rs 40.73 crore and would require around 11-12 acre of land, Kumar said. The farm would cater to 50 per cent of the port’s power need, which is around 15 Mw per annum. Kumar said the port would save around Rs 8 crore on power every year by setting up its own farm. The production cost would be Rs 2 per KwH and savings Rs 4 per KwH. On the other hand, Tuticorin port has issued a tender for its project and six companies, including Vestas and Suzlon, have participated in the pre-bid. The total project cost would be Rs 42 crore, said G J Rao, chairman, Tuticorin Port Trust. Tuticorin port requires around 5 Mw per annum. “The project will go on stream by the end of 2010,” said Rao.


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