The coal linkage for the power plant has been allocated under the SHAKTI Policy of Government of India.
Anupam Rasayan India announced that it has signed a non-binding Letter of Intent (LOI) with BASQUEVOLT, S.A., a European developer of solid-state lithium batteries, headquartered in Miñano (Araba/Álava), Spain.
Under the LOI, the parties intend to explore the potential supply of a specialty chemical product over a period of up to 10 years for cumulative revenue of $300 Mn. The LOI is non-binding and preliminary. Any supply would be subject to the successful completion of product development and to the negotiation and signing of a definitive supply agreement.
Further, IDL Explosives, a step-down subsidiary of the Company has been awarded the work of Rs 55.22 crore executables over a period of two years.