Ratnagiri, GMR GVK, Lanco, others successful in natural gas auction


Ratnagiri Power, GMR Energy, GVK Power, Lanco Infratech and Sravanthi Energy are among companies that emerged successful with aggressive bids in third round of imported natural gas auction

DELHI: Ratnagiri Power, GMR Energy, GVK Power, Lanco Infratech and Sravanthi Energy are among companies that emerged successful with aggressive bids in third round of imported natural gas auction that will revive nine stranded power plants. The auction follows bidding held by the government on March 15 that was cancelled as bidders unexpectedly quoted zero subsidy for the gas.
Since the government did not envisage such response from gas-based power plants, the system could not ac ..

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