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AP seeks Rs 10,000 cr for drought relief
The Andhra Pradesh government has decided to seek Rs 10,000 crore from the Centre to undertake drought relief measures in the state. A memorandum will be submitted to the Union government shortly. A decision to this effect was taken at a review meeting held by chief minister, K Rosaiah, on Sunday.

Food inflation at 19.83% on high potato, pulses rates
Food inflation, as measured by the Wholesale Price Index (WPI), rose to 19.83 per cent for the week ended December 19 primarily due to rising prices of potatoes, pulses and other vegetables. Food inflation stood at 18.65 per cent for the previous week ended December 12 and at 9.38 per cent during the corresponding period in 2008.

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UTV Software to raise $150 mn for expansion, retiring debt
Media and entertainment firm UTV Software Communications today said it will raise $150 million (nearly Rs 750 crore) through various channels to meet its growth plans and retire debt.
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R-Power to generate over 3,300 Mw by 2012

Anil Ambani Group company Reliance Power (R-Power) today said it plans to become over 3,300-Mw company by the end of the Eleventh Five-year Plan (2007-2012). - RPTL bags 2 power transmission projects worth Rs 4,100 cr - Auto, power and banks pay more advance tax in Q3 - Customs duty cut for brownfield power projects - Money return issue crops up at Dadri project - Power rules IPO market - Dadri setback drags Reliance Power "By March 2012 we would be able to generate over 3,300 MW of electricity," R-Power Chief Executive Officer JP Chalasani told reporters while inaugurating the first unit of the company"s Rosa Thermal Power Plant. The 1,200 Mw Rosa Power Project, 600 Mw Butibori in Maharashtra and two 660 Mw units of Sasan Ultra Mega Power Projects in Madhya Pradesh would be commissioned by the end of the eleventh five-year plan, Chalasani added. The company today announced the first 300 Mw unit of Rosa Power Project has commenced generation. The project is being set up in two stages of 600 Mw each, of which 300 Mw unit was inaugurated today. The stage one of the power project will supply the entire power to Uttar Pradesh Power Corporation (UPPCL) for which a power purchase agreement was signed on November 12, 2006. The coal for the project would be sourced from the Ashoka mines in Jharkhand. The electricity generated from this power project would be fed into the grid (UPPCL) in six weeks from now. The project involves an investment of Rs 6,000 crore.


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