To complete its 1,200 MW independent power plant (IPP), presently under construction in Tuticorin, Dubai-based Coal and Oil (C and O) Group has secured additional funding of approximately Rs 1,600 crore from Indian public sector banks including the State Bank of India. The power project, which is being developed at a cost of around Rs 6,800 crore is developed by Coastal Energen, the power generating flagship company of the Coal & Oil Group.
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