the strange case of hpdcapl

Arunachal Pradesh, the epicentre of hydel power in India, has decided to reverse its contentious decision in 2009 to give 49% equity in its hydro-power corporation to the Naveen Jindal Group. The decision, taken last month, came after a backlash from government departments and other companies having hydel projects in the state against the joint venture, which was a departure from precedent as it effectively gave the Naveen Jindal Group a stake in every upcoming hydel project in Arunachal.

today’s story on the hydel mess in arunachal pradesh focuses on a puzzling deal between the state government and gagan infraenergy, a part of the naveen jindal group.

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