Indiabulls Power Services receives Lol for power plant

摘要

Indiabulls Power Services, a unit of Indiabulls Real Estate, has received a Letter of Intent (Lol) for construction of a power plant in Chhattisgarh. Indiabulls Power Generation, a subsidiary of Indiabulls Power Services, has won the bid for construction of the power plant from Chhattisgarh State Electricity Board (CSEB). SEB had invited bids for procurement of power from the project - comprising Building, Owning, Operating, and maintaining of a coal fired thermal power project at Bhaiyathan in Chhattisgarh. The project also includes building of a coal mine reserve.