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Godawari Power and Ispat announces stake sale in MCCPL

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Capital Market

By its subsidiary Hira Ferro Alloys

Godawari Power and Ispat has announced that the Company's subsidiary Company, Hira Ferro Alloys, has sold its entire 13% stake in Maruti Clean Coal and Power (MCCPL) comprising of 17.55 lakh equity shares of Rs 10 each for a consideration of Rs 39 crore.

The MCCPL is at presently engaged in the process of setting up coal washery business and 300 MW independent power plant in the State of Chhattisgarh. MCCPL is yet to start commercial operation.

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First Published: Apr 07 2014 | 1:26 PM IST

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