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A consortium of Mahagenco and NTPC has emerged as the leading bidder, at 3,800 crore, to take over the 1,350 MW Sinnar Thermal Power plant. The plant, a subsidiary of RattanIndia Power, is currently defunct and has unresolved coal supply issues and right-of-way problems.
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The new limit replaces the existing 2 cap but some have criticised the decision.
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The government has promised not to raise taxes on "working people" in this Wednesday's Budget.
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News and Media
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