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IOC is setting up a 1,400mw nuclear power plant with Nuclear Power Corporation India Ltd (NPCIL) at a total investment of Rs12,000 crore.
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Updated : Mar 30, 2018, 03:29 AM IST
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State-run Indian Oil Corporation will invest Rs961 crore in India's first joint venture nuclear power plant for a 26% stake, its chairman, BM Bansal, said.
IOC is setting up a 1,400mw nuclear power plant with Nuclear Power Corporation India Ltd (NPCIL) at a total investment of Rs12,000 crore, Bansal told reporters on the sidelines of the company's annual general meeting in Mumbai today.
IOC will hold 26% of the equity part where the total funding of the project is in the debt equity ratio of 70:30 and will invest Rs961 crore, he said.
The project, to be set-up at Kota in Rajasthan will be completed in five years.
IOC has an option to raise its stake from 26% to 49%, Bansal said.
