The Nagarjuna group, promoters of the 1,015 mw Nagarjuna power project near Mangalore, are negotiating with Hong Kong-based Fire Seeds Company to pick up a stake in the Rs 4,000 crore project.
Sources said the Nagarjuna group had informed the energy department that Fire Seeds was likely to pick up stake in the project. Once the deal is finalised, the promoters plan to send a detailed note on the equity partner's background to the e