State-owned power generating company Karnataka Power Corporation Ltd (KPCL) and Larsen & Toubro today signed a joint venture (JV) agreement for the 1,600 MW (2X800 MW) coal-based thermal power project at Godhna in Chhattisgarh.

"Most of the clearances have been obtained and land acquisition (in Chhattisgarh) is in progress," Chief Minister B S Yeddyurappa said at the signing ceremony, attended by L&T Chairman and Managing Director A M Naik.

BSE  |  NSE Price

Also Read   Related Stories News Now - L&T's current order book worth Rs 90k cr - L&T may list finance units - NBFCs go rural for Growth - Suzlon bags 8.7-MW wind energy project from L&T - L&T Finance seeks to expand its loan book to Rs 10,000 cr - L&T General Insurance to launch ops in 3-5 months

Also Read   Related Stories News Now - Markets end lower ahead of May F&O expiry - Rupee closes at new low of 56.24 - Wall Street opens 1% lower on Europe - Shashi Ruia steps down from board of Essar Ports - Sebi allows firms listed on RSEs to migrate to main bourses More

The Chief Minister said the Karnataka government is not blessed with coal, gas or oil and so the government took initiatives to approach coal-rich Chhattisgarh to put up a super critical (energy efficient and environment friendly) thermal plant there.

Naik said L&T is in discussions with the Karnataka government to participate in various infrastructure projects in the state.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end lower ahead of May F&O expiry - Rupee closes at new low of 56.24 - Wall Street opens 1% lower on Europe - Shashi Ruia steps down from board of Essar Ports - Sebi allows firms listed on RSEs to migrate to main bourses

Tags : KPCL | L&T | joint venture | power plant | Chhattisgarh   Read Business news in  Advertisements -  India's no. 1 Property Site. Click here to know more -  "Discover The Power of One" -  Journey on, We are by Your Side. Click here to know more -  Help a Child Achieve her. Click to know more -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  The Best Seller is Also the No. 1 in Mileage. Click here -  Watch The Film Here. Click here to know more.. -  Leader in Passenger Car & Automobile Tyres. Click here -  Learn How One City is Running on FOOD SCRAPS. -  1 billion in saving for Unilever without any tangles. -  A Brand New Server at a Price That Fits Your Budget. Click here -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  36 Lakhs can get you a pool of Luxuries. Click here -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More -  2 Lac Apartments, 1 Lac House / Plots. Click here