Regency Aqua Electro and Motel Resorts, a limited company, had started a hydroelectricity power project called Hanumanganga Small Hydro Power Project. The plant was set up on the bank of Hanumanganga, a tributary of River Yamuna, around 175 kilometres from Dehradun.
The plant was covered under a Standard Fire and Special Perils Policy issued by United India Insurance Company. The coverage was for a sum of Rs 30 crore and the policy period was from January 7, 2010 to January 6, 2011. Additional coverage of Rs 20 lakh was purchased for the risk of removal of debris. The premium
The plant was covered under a Standard Fire and Special Perils Policy issued by United India Insurance Company. The coverage was for a sum of Rs 30 crore and the policy period was from January 7, 2010 to January 6, 2011. Additional coverage of Rs 20 lakh was purchased for the risk of removal of debris. The premium
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper